Extra Credit

This documentary explores how changes in the policy environment and banking practices helped create the financial crisis. It won the 2010 Academy Award for Best Documentary Feature and I am sure you will appreciate the way it explains how we got into the 2008 Financial Crisis.

Due to the copyright issues, I am unable to share the link of the documentary but if you google “inside job documentary watch online” you can find outlets where you can watch it for free. It is 1:48 hours long. If you have a subscription to paid stream services, such as Vudu, YouTube Prime, etc. you can watch it from there as well.

Please answer the questions below based on the documentary “Inside Job”.

1. What kind of deregulatory actions has been taken by Reagan, Clinton and Bush administrations throughout the 1980’s, 1990’s and 2000’s that contributed to the emergence of the Great Recession? Explain the actions taken by each president. (3 pts)

2. Which act did the merger of Citicorp & Travelers violate? (2 pt)

3. How successful has the Obama Administration been regulating the financial system? Why?