Derrick Medina
Dr. Ed Lyell
Macroeconomics
“Inside Job”
Clearly, this video explains what occurred when the economy collapsed and how it
happened. The essence of the reason of the collapse boils down to greed. Major banks
consistently push for de-regulation of the financial sector in hopes of increasing their profits.
This created a perfect breeding ground in for an environment where corruption and profit
seeking multinational corporations drained the middle class. These top CEO’s and associates
would instead of using their own money to maintain their lavish lifestyles, borrow money from
multinational banks. When the time came to collect, because of their close ties to those in the
