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The effect of the wall street crash
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Recommended: The effect of the wall street crash
If you are ever interested in watching a movie involving some seriously flawed ethics, The Big Short is the one you want to watch. The storyline is as follows: In 2008, Wall Street guru Michael Burry (Christian Bale) realizes that a number of subprime home loans (A subprime mortgage is a type of loan granted to individuals with poor credit histories (often below 600), who, as a result of their deficient credit ratings, would not be able to qualify for conventional mortgages) are in danger of defaulting. Burry bets against the housing market by throwing more than one billion dollars into credit default swaps. His actions attract the attention of banker Jared Vennett (Ryan Gosling), hedge-fund specialist Mark Baum (Steve Carell) and others. …show more content…
Together, these men make a fortune by taking full advantage of the impending economic collapse in America. This was the second time I watched this movie, and it was just as interesting, albeit disgusting, as the first time I watched it. The movie in its entirety is a morality play that shows the incompetence and poor morals of those who handle enormous sums of economic money. For example, Mark Baum (Carell), along with his cohorts, runs a fund and starts trying to understand the housing market, and in turn learns of so-called “ninja” loans that they can pass off to big banks after closing and then collect the fees. Baum cannot believe what he is hearing because it sounds so illegal, until someone one else says something like “why not do it? We’ll be rich.” To which in turn, Baum decides to play along. This made me think that he was really for it the whole time, but he wanted to appear as though he was business moral, that is, until someone else spoke up. The entire time you watch the movie, or from my point of view anyway, you dislike everyone involved. The filmmakers try to be funny at times with quotes such as, “Instead, they do the usual, blame immigrants and poor people,” (which did make me giggle, but more in a cynical tone than actual gut-cramping laughter). But because this is a true story that affected so many Americans, you are just left feeling bitter and angry once the curtain closes. Throughout the film, you do see many of the stakeholders involved have their emotions toyed with about whether what they are doing is “right” or not.
Unfortunately, everyone loses their moral compass to money; as most people do. One character that surprised me (especially since a lot of his movies drive me insane) was Brad Pitt’s character Ben Rickert. He plays an ex-trader who has abandoned Wall Street to hide out and learn to grow his own food while waiting for the world to collapse. It makes me wonder just how many more ex-traders are like that. I wonder how much knowledge they actually privileged to that us as regular civilians will never know about. One of the most profound things he said in the movie that really stuck with me was when he was speaking with two traders, who are on to “the big short.” The young guns are celebrating because they know they are going to make a bunch of money and Ben (Pitt) asks something along the lines of if they know how much suffering is going to be caused when this happens. He still helps them though, which really stuck with me because they all knew how much suffering this was going to cause to the larger population, but they didn’t care. They were all only concerned with money. I think it really speaks to the human condition and Darwin’s theory of survival of the fittest. Be the best or
starve.
O Brother, Where Art Thou? was phenomenal, and I found myself laughing an abundance of times throughout the movie. After viewing the film and the video essays, I agree that part of the reason why this story is truly successful is because Joel and Ethan Coen play with morality and in some ways, punish the characters repeatedly. Every time that something good occurred for a character, I was on the edge of my seat waiting for the next bad thing to follow. I feel that their constant play on morality kept the audience 's attention and left them wanting more. It also added a more humorous aspect, as Everett, Pete, and Delmar would grow confident and let their "seven deadly sins" (i.e. Everett struggled with pride) arise once again when they
In the film Antwone Fisher (2002), we witness the evolving therapeutic relationship of a psychiatrist, Dr. Jerome Davenport, and his client, Antwone Fisher. As a member of the military, Antwone is mandated to report to therapy sessions with Dr. Davenport after an altercation with a fellow serviceman. The relationship between Antwone and Dr. Davenport evolves beyond their mandated sessions and allows for the exploration of personal issues for both individuals. As a result of this, many ethical dilemmas occur that force Dr. Davenport to make decisions both in line with and against various principle ethics.
Gordon Gekko is a greedy and smart person. He had set up a trust fund account in Switzerland in 1980s for his daughter, Winnie when she was 14. There is around $100 million in the account. Gekko told Winnie that once he was get out of the jail, he would use that money to reassert himself but Winnie reneged when her brother, Rudy died. Winnie believe that the death of her brother is cause by his father, Gekko. Winnie is dating with Jacob Moore. Godon Gekko mentioned the money to Jacob and propose a solution to him to use the money for his fusion development project.
In the movie The Proposal starring Sandra Bullock and Ryan Reynolds, an ethical dilemma is shown by Sandra Bullock’s character, Margaret Tate. Margaret is the executive editor in chief of a book publishing company and Andrew Paxton is her assistant. Margaret’s visa is soon to be revoked as she violated some of the terms in her work visa. Andrew has worked his way up at the book publishing company and dreams of being an editor at the company. With Margaret on the verge of deportation, she expresses to Andrew that this could also set back all of his accomplishments and he would have to start back at the bottom if he didn’t have her to help him.
Stephen Glass: “I didn't do anything wrong!” Chuck Lane: “I really wish you would stop saying that!” Shattered Glass was a movie about a journalist named Stephen Glass would fabricate many articles. Glass had written forty-one articles and twenty-seven of them were fabricated. He was beloved at the New Republic for two reasons. He would always provide intriguing stories they wish they were covering and didn’t rub it in that he got the story and they didn’t. These can be considered factors for why he was able to get away with it for so long. His coworkers love his stories so much that they were entertained whenever they listened to them. People would not think to look more into stories because of how intriguing it was, so if something was wrong with a source it would most likely not be found out.
Picking up trash and helping an elder cross the street are examples of ethical actions humans should take into consideration. Without ethics, there wouldn’t be moral decisions based on acts of kindness. Morality is a branch of ethics and dives into serving the common good. Ethics purpose is to make decisions and actions that benefit others and the doer. In other words, the common good benefits everyone; therefore, it’s the best and equal balance which fit’s society’s needs and criteria. In the Giver, Lois Lowry illustrates a world that lacks ethics by creating selfish leaders and a clueless population. Within this unrealistic world, Lowry demonstrates how a world can misinterpret the ideal of a “perfect society” and what the common good is
Dallas Buyers Club is a true story about a rodeo cowboy and electrician named Ron Woodroof, who has been recently diagnosed with human immunodeficiency virus (HIV). During this time, the 1980s, HIV/AIDS has been under-researched and over stigmatized. The drug AZT was FDA approved and the only drug permitted to assist this disease. But, instead of killing only the bad cells in the body, it killed every cell in came into contact with, resulting in untimely deaths. Ron’s self-set mission was to find another drug that could help this disease be less painful and less taxing on the body. He smuggles unapproved pharmaceutical drugs into Texas for treatment, and sells memberships to the "Dallas Buyers Club,” where members are aided with various drugs and vitamins that control their disease. While
One Flew over the Cuckoo’s Nest, filmed in 1975, based on the 1962 novel of the same name, tell a story about the lack of autonomy for mental health patients due to rigid rules of conformity, manipulation and authority. The Institutionalised Mental Hospital is where the patients are mainly governed through a paternalistic and/or authoritative approach which results in a general lack of autonomy in the film. This leads to the following ethical problems such
Rothman, Lily.”So, Does The Wolf Of Wall Street Glorify Greed Or Not?.” Time.Com (2014):1.Web. 18 Mar. 2014.
Eight years ago, the world economy crashed. Jobs were lost, families misplaced, hundreds of thousands of people left shocked and confused as they watched the security of their world fall to pieces around them. In, “The Big Short,” a film directed by Adam McKay and based on the book written by Michael Lewis, viewers get an inside perspective on how the financial crisis of 2008 really happened. Viewers learn the truth about the unethical actions and irrational justifications made by those who unwittingly set the world up for failure. Two main ethically tied decisions are brought into question when watching the film: how could anyone conscionably make the decision to mislead investors by misrepresenting mortgage backed securities (MBS), and why
In the Westing Game money acts as a sign of power to show in the end money is the not the final goal and when money is involved we forget about how much more powerful emotional value is. People use things and want things with artificial value because we give it power. Power gives us control which we take and use it towards something with an emotional sense of value. The problem is that people naturally get caught up in the power of money and forget about things with emotional power. Causing us to forget about things with emotional value and eventually lose what people started saving for.
characters did not stay true to their values and morals because money had a big effect on
Justice and ethics are, in part, conceptually what defines right and wrong. For many people, this stems from religious traditions, however there are historically, and current, instances when a religious regime grows so powerful it becomes virtually unchecked. To be clear, I do not interpret any religion as good or bad. However, from a historical and political perspective, religious institutions, customs, and laws have been used to hide heinous crimes. The movie, “Spotlight”, is based on a true story about a team of investigative journalists at the Boston Globe. The Spotlight Team was comprised of multiple reporters, namely: Marty Baron, Ben Bradlee, Jr., Sacha Pfeiffer, Mike Rezendes, and Walter Robinson. The film starts in 2001, when the team
Stakeholders-investors, customers, interest groups, employees, the legal system, and the community often determine whether a specific behavior is right or wrong, ethical or unethical. Judgments of these groups influence society’s acceptance or rejection of a business and it’s activities.
This movie starts off as Jordan Belfort, the main character in the movie, losing his job as a stockbroker in Wall Street. After losing his job, he goes and gets a job in a Long Island brokerage room. In the brokerage room, he sells penny stocks. Thanks to him being aggressive in his selling skills, he was able to make a profit. With the new income, he gives his wife a bracelet and she asked him why doesn’t he go after the people that can afford to lose money, not the middle-class people or lower income people. That is when he gets the idea to get a lot of young people and train them to become the best stock brokers.