Tuesday, 22 November 2016

Requiem for the American Dream



  • Title: Requiem for the American Dream
  • Duration: 73 min
  • Country: United States
  • Director: Peter D. Hutchison, Kelly Nyks, Jared P. Scott
  • Script Peter D. Hutchison, Kelly Nyks, Jared P. Scott
  • Year: 2015
  • Trailer: https://www.youtube.com/watch?v=CyFSvnLnCZ0
  • Synopsis:

REQUIEM FOR THE AMERICAN DREAM is the definitive discourse with Noam Chomsky, on the defining characteristic of our time - the deliberate concentration of wealth and power in the hands of a select few. Through interviews filmed over four years, Chomsky unpacks the principles that have brought us to the crossroads of historically unprecedented inequality tracing a half century of policies designed to favor the most wealthy at the expense of the majority - while also looking back on his own life of activism and political participation. Profoundly personal and thought provoking, Chomsky provides penetrating insight into what may well be the lasting legacy of our time - the death of the middle class, and swan song of functioning democracy. A potent reminder that power ultimately rests in the hands of the governed, REQUIEM is required viewing for all who maintain hope in a shared stake in the future.

'Banking and Finance' in the film

The concentration of the Well-being and the Power Chomsky along the documentary explains to the spectator what has come in naming, "Ten beginning of the concentration of the Well-being and Power ". Hereby we will see the motives of this social gap that one translates in one, every major day, inequality between wealthy classes and the workers. Chomsky will sustain his argumentation on thinkers as the philosopher Aristotle, the economist Adam Smith or James Madison, creating a forceful speech, a lucid thought in that certain things are of surplus known, because once again, there is nothing new under the sun. Little by little we will be present at the decline of the concept of democratic company. Managing to reduce the concept until it seems that it loses totally the sense.

The accumulation of wealth and the accumulation of power are two factors that go of the hand and that turn virtually impossibly a balance in the scale between " the powerful ones " and the common people, who lacks royal instruments to defend his way of life and his work, mentally ill one of for yes.

Another factor important to explain the inequality that today happen in The United States is the almost systematic destruction of the unions that happened under Reagan's presidency. The agent chief executive, according to Chomsky, gave total freedom to the companies in order that they were treating the labor organizations as illegal instruments. The sequels of this mentality persist in the 21st century: nowadays only 7 per cent of the workers of the private sector they are affiliated to an union, "the great barrier against the corporate tyranny.

The intellectual thinks that the foundation of The United States the presidential choices have been influenced by economic groups and private interests, also he thinks that in 2009 the Supreme Court of his country took one of the worst decisions of his history. The decision known as 'Citizens United' concludes that the right of freedom of expression of the corporations cannot limit, and that for ende these can spend what they want financing electoral campaigns.

Chomsky considers a fifties and sixties the golden epoch of The United States. It was a question of a period in which there was a continuous growth in all the ranges of the company. The income of the poorest raised to the same pace that that of the wealthiest. A fact that it had to see, for the academician, with the Welfare state that I implement the president Roosevelt during the years of the Great Depression. Being based on the network of social safety that FDR created, in the fifties and sixties a black could manage a good work, to buy a house, to have a car. For the intellectual one, in the seventy USA it started turning into an other period, an economic system that is significantly influenced by the high class.

The change was effected especially by the creation of a new tributary politics: it was re-designed in order that them of above they were paying less and the thickness of the population was paying more. How? Raising the taxes of wages and consumption (that affect the whole population) and reducing those of dividends (that principally affect the rich ones).

The seventies both the right and the left side looked for the way of reducing the democratic advances of the previous decade. The right with the Powell Memorandum of 1971, in which the attorney and future judge of the Supreme Court Lewis Powell did called the corporations in order that found ways of suppressing the advances of the sixties. Of this memorandum there were born powerful institutions like The Heritage Foundation, The Manhattan Institute, between others, which were seeking to influence the public to reject the increasing power of the government in his lives. A philosophy that was implemented by all rigor in Ronald Reagan's administration, in which one reduced in an ostentatious way the taxes to the high class, but not so much to the rest of the population.



Personal commentaries

Noam Chomsky documentary's American activist against contemporary capitalism and US foreign policies, which try to explain the inequality between rich and poor, which increasingly is becoming more pronounced.Noam Chomsky documentary's American activist against contemporary capitalism and US foreign policies, which try to explain the inequality between rich and poor, which increasingly is becoming more pronounced.In addition, I want to focus in point 3 of the Decalogue, in which he talks about the redesign of the economy, which mainly makes a complaint about globalization, being contradictory to his thinking on inequality, since it does not accept inequality among Americans, but he does accept that Americans may be richer than others.
Eduardo Herrera

The documentary offers us a look of the future that waits for us (if we are still passive) to the resignation of the beginning of equality, freedom and brotherhood. In addition, a follow up of which those that are governed are those who really have the power in his hands.
Actually, in The United States 1 % it controls almost the whole wealth of the country. I think that this not only is unjust if not that in addition is a low blow for the Democracy and it has negative effects for the company. In a functional democracy, the public opinion influences the politics. But the excessive concentration of wealth leads to the excessive concentration of power, which in turn is used to favour the few ones of above and this way all that continues in a vicious circle.
Adrián Afonso

Friday, 11 November 2016

Arbitrage

Resultado de imagen de el fraude pelicula




  • Title: Arbitrage
  • Duration: 107
  • Country: EEUU
  • Director:Nicholas Jarecki
  • Script:Nicholas Jarecki
  • Year: 2012
  • Trailer: https://www.youtube.com/watch?v=UmJSV9ePx7c
  • Synopsis: Fraud is a tense and seductive thriller about love and loyalty in the world of high finance. The protagonist of the film is Robert Miller (Richard Gere), a magnate who on the eve of his 60th birthday seems the perfect portrait of American success in his professional and family life, always accompanied by his faithful wife Ellen (Susan Sarandon) and Brooke ( Brit Marling), his daughter and heir to his empire. But behind the gilded walls of his mansion, Miller has the water around his neck, desperate to complete the sale of his empire to a large bank before exposing a fraud he has committed. In addition, he maintains an affair with a French art dealer (Laetitia Casta) behind his wife and daughter. Just as he is about to get rid of his troubled empire, a bloody and unexpected mistake forces him to rediscover himself with a ghost of his past and to face the limits of his double standards.
'Banking and Finance' in the film
The main character's power of conviction in the finantial negotiation brunch is shown, for example, in the following linked scene. Thanks to his fortune and position in the business world, he negotiates at will, put the conditions he considers appropriate, and even set higher prices, even when initial lower price had been already accepted, as he ends up by confessing.


Personal comentary
This film shows the arrogance and greed in the financial sphere, full of people who transcend the limits to obtain power, whatever the price. In this case, the main character plays with a double standard. On one hand, a charming and sophisticated gentleman, married to a woman at his height but, on the other hand, a man tormented and overshadowed by his own fortune. As with many Wall Street workers, Robert Miller played with the money that people left with confidence in their hands and made irresponsible bets with him. This led him to build the great trap on which the story moves but that personality that the director designed for the protagonist is what makes the deception fade and appear reality, a reality that completely muddles the life of the character. Finally, we realize that, despite the deceptions and the dark plot that surrounds Miller, this is not a villain as such because his mistakes are the ones that make us reflect and doubt which side to position us during most of the film. 
Undoubtedly, an easy-to-see and interesting film that lets us see the economy from a different perspective.



Rogue Trader


  • Title: Rogue trader
  • Duration: 98 min.
  • CountryUnited Kingdom
  • Director: James Dearden
  • Script: James Dearden
  • Year: 1999
  • Trailer: https://www.youtube.com/watch?v=vgqSVVLFmds
  • Synopsis: Ambitious, wide-eyed boy Nick Leeson is determined to rise in the world and be more than a simple bank clerk. When his employers, Barings Bank, offer him the opportunity to go to Jakarta to sort out a problem that nobody else wants, he seizes the opportunity with both hands. In Jakarta he meets and marries Lisa and together they go to Singapore when the bank offers him the job of setting up their future options trading operation. To save money the bank allows Nick to operate both the floor trading and the back office facilities and force him to employ cheap, unskilled staff. His first year of trading is a big success and he makes large profits for the bank even though he has illegally broken trading rules and secretly covered up losses. Given more freedom, even more money and continuing unchecked, Nick starts to make losses and again attempts to trade out of them but this time he comes unstuck as his illegal trading generates even bigger losses. After the death of his unborn child Nick completely loses control and gambles without restraint with other people's money leading inevitably to a complete financial meltdown and the bankruptcy of the bank.



'Banking and Finance' in the film

The film starts with Nick's voice in off commenting that he works for a bank. Then he introduces us a little in the Indonesian economy and explains he is going to sell bonds there. Later on, Nick explains his financial work to his new mates and starts working in the Nikkei. A bank's CEO speech about the company policies is also rolling. All of this occurs in the first 20 minutes, and after that, the film develops its roll with the Nick’s methods. With losses and profits and what carries on.



Personal commentary
It shows perfectly the irrationality that often investors can incur due to the inherent human clumsiness (of the protagonist as well as his bosses and admirers).  It perfectly reflects the inefficiencies that may exist in a bank.

Capitalism: a love story


  • Title: Capitalism: a love story
  • Duration: 127 min.
  • Country: EEUU
  • Director: Michael Moore
  • Year: 2009
  • Trailer: https://www.youtube.com/watch?v=CkTkYQkG13w
  • Synopsis: Capitalism: a love story is a documental that try to teach how the governments and companies drive the people´s live. The American dream fades dangerously while families lose their jobs, their homes and the savings of their entire lives. To discover the real culprits of this planetary crisis, the director goes deep into the social strata of the United States, from the humblest homes to the government corridors in Washington. A documentary wondering what the price paid by the most powerful country in the world for its love of capitalism. Capitalism, a love story" is an analysis of the global crisis from the bowels of the great American corporations, but also a portrait of the families that have lost everything. All this in the shadow of the 14,000 jobs that are lost every day.

'Banking and Finance' in the film
The documentary shows us how the banking system works in our lives so its goes hand on hand with our subject about banking management.

Personal commentary
Our documentary shows us the dark side of the bank,on both sides of the Atlantic, have since gone on paying ­themselves massive wedges, content in the knowledge that if anything else goes wrong, the rest of us will once more ­obediently stump up. If merchant bankers fall ­behind with their debts, they get to stand under a gorgeous waterfall of ­public money. If ordinary folk get ­behind with their mortgage debts – such a delicious ­income stream for bankers – well, they get to live in their car.

Monday, 7 November 2016

The Flaw


  • Title: The Flaw
  • Duration: 82 min.
  • Country: United States
  • Director: David Sington
  • Script: David Sington
  • Year: 2011
  • Trailer: https://www.youtube.com/watch?v=C7IQe7CBPCc
  • Synopsis: The film shows how excessive income inequality in society leads to economic instability. At a time when economic theory and public policy is being re-examined this film reminds us that without addressing the root causes of the crisis the system may collapse again and next time it may not be possible for governments to rescue it. People all over the world are still struggling with the aftermath of the greatest financial crisis since the Wall Street Crash of 1929. We all know what the effects have been but what exactly were the causes? The Flaw ranges widely across the history of American capitalism in the twentieth century, its rigor laced with sardonic humor and peopled with a cast of characters that spans Nobel-prize winning economists and distressed home owners to the New York Times financial correspondent on the brink of foreclosure and the Wall Street banker who feels the pain encoded in his spreadsheets. The film argues that the roots of the crisis lie in the changing relationship between the rich and the rest in American society.

Banking and Finance' in the film
Splices the thoughts of economists such as Robert Shiller and Joseph Stiglitz with the testimony of participants in the housing market and some entertaining cartoons and archive clips. Mr Sington's case is that the boom and bust was closely tied up with the growing inequality of the US population that emerged after 1980. As wealth accumulated in the richest 1% of the population, the living standards of the bottom 50% stagnated. To maintain his or her standard of living the average.

Personal commentary

The Flaw admirably goes back to chart the course of financial policy from the 1920's to today, making startling connections in economic variables across the period and putting all this mess into the context of history. The Flaw has the misfortune of telling the same story as Inside Job and then the only movie yet to have made clear the cause and effect of the financial collapse of 2008.

Inside Job




  • Title: Inside Job
  • Duration: 105 min.
  • Country: United States
  • Director: Charles Ferguson
  • Script: Charles Ferguson, Chad Beck, Adam Bolt
  • Year: 2010
  • Trailer: https://www.youtube.com/watch?v=FzrBurlJUNk
  • Synopsis: From Academy Award® nominated filmmaker, Charles Ferguson ("No End In Sight), comes INSIDE JOB, the first film to expose the shocking truth behind the economic crisis of 2008. The global financial meltdown, at a cost of over $20 trillion, resulted in millions of people losing their homes and jobs. Through extensive research and interviews with major financial insiders, politicians and journalists, INSIDE JOB traces the rise of a rogue industry and unveils the corrosive relationships which have corrupted politics, regulation and academia. Narrated by Academy Award® winner Matt Damon, Inside Job was made on location in the United States, Iceland, England, France, Singapore and China.


'Banking and Finance' in the film
'The global economic crisis of 2008 cost tens of millions of people their savings, their jobs, and their homes'
This film is structured in five parts that track very well the story: 
1. How did we get here? 
2. The bubble. 
3. The crisis. 
4. Responsibilities. 
5. Where are we now?

Scene 1: 19:20-21:00
The deregulation allowed to launder money and could falsify the accounts of a much easier way, did not have to overcome many obstacles.


'We will continue to grow'
'The recession had actually started four months before Paulson made this statement'

Scene 2: 59:00-1:00:00
They knew the situation but tried to hide it until the end. Perhaps they could have diminished the consequences of the crisis or the domino effect.

Personal commentary
This documentary has helped us to understand quite clearly some aspects of the crisis that we did not understand well. We have seen how it was creating a deregulation in the financial sector that helped bankers to increase their income through a chain scam. Also, we can see that in this documentary that questions are addressed to those that led to the crisis, which came to keep their jobs. Not like millions of people who lost their homes.

Sunday, 6 November 2016

The last days of Lehman Brothers



  • Title: The last days of Lehman Brothers
  • Duration: 60 min
  • Country:  United Kingdon
  • Director: Michael Samuels
  • Script: Craig Warner
  • Year: 2009
  • Trailer: https://vimeo.com/19481124
  • SynopsisThe Last Days of Lehman Brothers summarizes the events that occurred over the weekend preceding Monday, 15 September 2008, when Lehman declared bankruptcy. Some of the story is narrated by the fictional character "Zach", a Lehman employee often taking orders directly from Dick Fuld. Zach often breaks the Fourth wall, talking directly to the viewer.
'Banking and Finance' in the film
In this film, based on the true story of the company Lehman Brothers, we can see how they treat topics we study, as toxic assets (scene of the trailer) and again the issue of professional ethics in the world of finance.


Personal comentary
The film shows how the beginning of the crisis the company was experienced from the point of view of an employee. What is striking is the ease with which the leaders of these companies to try that savers are those who have to bear the economic burden of their bad financial practices.

The Bank


  • Title: The Bank
  • Duration:  106 minutes
  • Country:  Australia
  • Director: Robert Connolly
  • Script:  Robert Connolly
  • Year: 2001
  • Trailer: https://www.youtube.com/watch?v=vPXK-FfnXxU
  • Synopsis: Jim Doyle (David Wenham) is a maverick mathematician who has devised a formula to predict the fluctuations of the stock market. When he joins O'Reilly's fold, he must first prove his loyalty to the "greed is good" ethos.

'Banking and Finance' in the film
As a film about banks, the scenes that take place in branches dealing with topics studied in class, for example economic transactions,  professional ethics of banks and employees, etc.

Personal comentary
The film mainly deals with the greed of the banks, their eagerness to get richer regardless of the consequences, something that looks like reality.

Wednesday, 2 November 2016

Too big to fail


Resultado de imagen de too big to fail

Title: Too big to fail
Duration: 99 minutes.
Country: United States.
Director: Curtis Hanson
Script: Peter Gould
Year: 2011
Synopsis: Based on the bestselling book by Andrew Ross Sorkin, 'Too Big To Fail' offers an intimate look at the epochal financial crisis of 2008 and the powerful men and women who decided the fate of the world’s economy in a matter of a few weeks. Centering on Treasury Secretary Henry Paulson, the film goes behind closed doors to examine the symbiotic relationship between Wall Street and Washington. William Hurt stars as Paulson; the film also stars (in alphabetical order) Edward Asner, Billy Crudup, Paul Giamatti, Topher Grace, Matthew Modine, Cynthia Nixon, Michael O’Keefe, Bill Pullman, Tony Shalhoub, and James Woods. It co-stars Ayad Akhtar, Kathy Baker, Amy Carlson, Evan Handler, John Heard, Dan Hedaya, Peter Hermann, Chance Kelly, Tom Mason, Ajay Mehta, Laila Robins, Victor Slezak and Joey Slotnick. HBO Films presents a Curtis Hanson Film, in association with Spring Creek Productions; Curtis Hanson directs from a script by Peter Gould; based on the book by Andrew Ross Sorkin; Curtis Hanson, Paula Weinstein and Jeffrey Levine executive produce; Carol Fenelon co-executive produces; Ezra Swerdlow produces; Joe Nocera and Bethany McLean serve as consultants.


'Banking and Finance' in the film
We can find tons of usefull information in this film. The movie as a whole teaches the origin of the financial crisis and how individual interests and the arrogance of many financial actors, bank directors and insurance companies send themselves into bankrupt. In my view, one of the best scenes of the film could be the next one:

Personal comentary
I have found this film quite interesting, because it analyzes the financial crisis not just at science level, but it also studies the leader`s feelings and how they work in their own fall.