Assignment First

本篇文章主要讲关于经济大萧条的电影分析,电影一开始就批判性地讨论了华尔街是如何把时间倒转到1929年的,这被认为是导致大萧条的原因,而像摩根大通这样的机构也受到了调查。金融崩溃的相似性和金融机构调查的相似性(就像上世纪30年代那样)是不可否认的。2008年金融危机的原因是这部电影的重点,大部分观点都是由不同的利益相关者和非利益相关者提出的。本篇英国会计学论文代写文章由英国第一论文 Assignment First辅导网整理,供大家参考阅读。

The movie starts with a critical discussion on how Wall Street turned back the clock to 1929 which was considered as leading to the Great Depression and organizations like JP Morgan came under investigation. The similarity of the financial collapse and the similarity of financial institutional investigations (as in the case of the 1930s) are undeniable. The cause of the 2008 meltdown is the focus of this movie and most of the viewpoints are presented with the opinions of different stakeholders and non-stakeholders.
The consequences of financial crises led to mass employment losses and lost homes foreclosure. An investigation committee was formed in this context in order to attempt to rationally explain why such a situation happened.
One of the primary cause cited as the reason for the financial crises situation was that of the hoe loan market crises. In an easy lending situation in the housing market, there were low interest rates for people who wanted a loan and almost everybody qualified for a home loans. The normal working of a financial situation is usually done with care. Risk taking adventure would be reduced, however in the case of the home loan market of the United States for instance, there were much loans being approved even when the rate of return would still be low. For instance, one of the interviewees, Jim Queen, a real estate agent, stated that nobody cared about the qualifications of buyer, and whether they could make payments was not a concern at all. Credit was not an issue at all and banks made subprime loans for everybody as housing prices went down. The subprime loans were hence one of the causatives of the financial crises situation. The point made by Mr Queen is understandable given the research evidence presented in the earlier subsections of this paper. Financial institutions had a duty towards their stakeholders to govern the way the investments were given out in the form of loans and they had breached governance when they breached their stockholder interests.