Wednesday, November 7, 2012

Exploration 8: Inside Job Response

I didn't know too much about the crisis before watching this documentary.  In high school I saw some of it in my business class, but didn't realize how serious it was.  What stood out me the most is that presidents appoint these CEOs that have done serious crime and they get away from getting in trouble.  I don't think that is right.  It doesn't matter what party, the banks control.

I also found it ridiculous how much money some of those guys make.  Making over $150 million is just crazy.  Throughout one point of the documentary I heard them say that one guy was making $1 million a month.  It would take some serious reforms to turn this around.  To help keep ourselves up to date, people should do research on big banks and check the stock market regularly.

Andrew Sheng said,"Why should a financial engineer be paid four times to 100 times more than a real engineer? A real engineer build bridges. A financial engineer build dreams. And, you know, when those dreams turn out to be nightmares, other people pay for it."  This quote really stood out to me because it is true.  Those guys are overpaid big time.

1 comment:

  1. I also did not know much about the crisis until I watched this film. Now that I have seen it I am completely shocked that these guys did not get prosecuted for thier actions, like you said. I also agree with you that their salaries are just rediculous.


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