Poverty Of Poverty And Children - 1276 Words

In America, poverty and children is an ongoing issue and is happening today more than ever. Poverty is affecting our children today by creating learning problems during school for them, it is also creating more health issues for children. Not only is poverty creating direct problems currently but it is also creating problems for the future by creating a poverty cycle. There are many reasons why a child would be in poverty, but there are also many solutions to fix child poverty. Child poverty is a macroeconomics issue. This issue is closer than you think, It is happening at your local elementary school, It is happening everywhere. A study from the National Center for Education statistics states that 51 percent of the students across the nation s public school were low income in 2013†(southern education, 2013). That 51 percentage of students are living in poverty and their school work is being affected by it. It is not uncommon for a low-income student to worse in school than a m iddle-class student. Low-income students face the daily problems of possibly going to school with less concentration because they came to school hungry or tired, gaining less cognitive skills as a young child, and stress as a younger child can cause your brain to function differently. Students who come to school hungry concentration is not on the assignment that they are about to receive or the notes the teacher wants him/her to take, but their focus is on when lunch is coming so theyShow MoreRelatedChildren Of Poverty And Poverty1722 Words   |  7 Pages Children Living in Poverty Andrea Guzmà ¡n California State University, Fullerton I. NEEDS STATEMENT Children who live in extreme poverty or who live below the poverty line for multiple years appear, all other things being equal, to suffer the worst outcomes Income poverty is the condition of not having enough income to meet basic needs for food, clothing, and shelter. Because children are dependent on others, they enter or avoid poverty by virtue of their family s economic circumstances. ChildrenRead MoreChildren Of Poverty : Children1220 Words   |  5 PagesChildren Living in Poverty Twenty-two percent of children in the United states are living in families that have an income less than the federal poverty level, which is over sixteen million children living in poverty (National Center for Children in Poverty). Children are judged based on their parent’s financial standings, and children that are living in poverty are commonly made fun of, known as the outcast, and are isolated because they are different from most families. Whether it’s not having theRead MoreEffects Of Poverty On Children1553 Words   |  7 PagesHow Poverty Effects Children Makayla Ray University of Alabama in Birmingham Abstract This literature review of twelve previously published research articles has focused on summarizing some of the effects of poverty on children. The selected articles all focused on the major effect of poverty on children, and were sorted into four sub-categories or themes based upon a specific focus areas of this complex and not yet fully understood issue. These themes included developmental, educationalRead MorePoverty And Its Effects On Children Essay1111 Words   |  5 PagesEdgar Perez Mrs. Prince ENG 1113 16 November 2016 Poverty in America As of 2013 approximately 45 million people in America lived below the poverty line. In an average three-person household, an annual income of $20,090 is federally considered to be at poverty level. In the year of 2014, 44 percent of children under the age of 18 were living at or below the poverty level. Coming from a low economic standing can be detrimental for children’s physical and mental states. Pursuing a higher educationRead MorePoverty And Its Effects On Children859 Words   |  4 PagesPoverty is existing worldwide epidemic and it is affecting millions of adults and children mentally, physically and emotionally .Poverty is the inability to purchase or have access to the basic human needs. This includes food, shelter, education, clean water and proper sanitation .It depends not only on income but also on access to services. In 1998 a UN Statement on poverty, signed by the heads of all UN agencies stated: defines poverty as â€Å"the denial of choices and opportunitie s, violation of humanRead MorePoverty And Its Effects On Children985 Words   |  4 PagesPoverty doesn’t have preferences, it doesn’t choose people by race, religion, or age. Many people don’t see the effects poverty has on people or sometimes they don’t care but you should. What if you were put in the situation where you lost everything and weren’t able to recover. Now imagine this is your child. Many people put a generic face upon poverty. Usually they see the poor African American person, or the old man who looks dirty, or even the woman who is selling her body just to buy a biteRead MorePoverty And Its Effects On Children1377 Words   |  6 PagesPoverty Poverty is a chronic issue not just within the United States but throughout the whole world, but one thing that people tend to overlook is the effect that poverty has on childhood. Many children grow up in poverty and the effects can last for a life time. For many of these kids who grow up in these conditions the effects include poor health, a high risk for teen pregnancy, and the lack of an education. Poor health is a direct of effect of poverty, children with families with no money orRead MorePoverty And Its Effects On Children945 Words   |  4 PagesPOVERTY MALNOURISHMENT Childhood and adolescence are expected to be the times of great functioning and physical health, yet poverty provokes this from occurring and children face poor health. Children living in poverty are at immense risk for their development, health and overall well-being. According to Komro, 2011, the absolute rate of poverty among children is higher in the United States than in other industrialized nations. Nationally, One in five children are living in poverty (Raphel,Read MoreSave The Children At The Poverty1160 Words   |  5 PagesThe question is how we save the children live in the poverty. Have you ever lived in the circumstance of the poverty? In the America’s society, children live in the poverty is a small percent. Contrary to foreign countries, there is large percent of children living in the poverty. I was born in the foreign country Vietnam. I have experienced and described when I was a kid. I have seen all the circumstances of children living in the poverty inclu ding myself. Back in Vietnam, My family and I was aRead MoreEffects Of Poverty On Children1554 Words   |  7 PagesEffects of Poverty on Children Makayla Ray University of Alabama in Birmingham Abstract This literature review of twelve previously published research articles has focused on summarizing some of the effects of poverty on children. The selected articles all focused on the major effect of poverty on children, and were sorted into four sub-categories or themes based upon a specific focus areas of this complex and not yet fully understood issue. These themes included developmental, educational

Female Protagonists of Detective Narratives - 938 Words

This essay will focus on female protagonists who are the center and driving force behind a detective narrative. I will compare and contrast Clarice Starling in The Silence of the Lambs and Lisbeth Salander from The Girl With the Dragon Tattoo to explore two women that are progressive in breaking through traditional gender roles and are successful at portraying a female that goes against the grain. These women portray unique and progressive ideas about sexuality. Clarice and Lisbeth are two empowered females that are successful as detectives. Usually, a female in the center of detective film is misguided or taken advantage of because of the lack over control over their emotions. However, Clarice and Lisabeth are two examples of women that embrace their femininity in order to get closer to the killer. This paper will examine Clarice and Lisabeth from a post-feminist perspective to prove that these detectives are progressive in their roles. Mulvey suggests that women are passive objects on screen that are meant to be enjoyed and looked at at by the active male. Clarice and Slander can be seen as objects when critiquing it with just Mulveys theory, however when looked at from a post-feminist view it is clear that these women are intelligent in their roles as detectives, and they use their sexuality to help them excel in their careers. Secondly, Gates suggests that females as the center in a detective film become masculinized and if they do not end up in marriage or with love,Show MoreRelated Comparing ChinaTown and the Big Sleep Essay1278 Words   |  6 PagesSleep   Ã‚  Ã‚  Ã‚  Ã‚  ChinaTown, directed by Roman Polanski, is a non-traditional hard-nosed detective film made in the 70s. The typical elements of character type are there; J.J. Gittes (a private detective in LA) played by Jack Nicholson is the central character, sharing the spotlight is Fay Dunaway playing the femme fatale Evelyn Mulwray. This film breaks all types of norms when compared to the hard-nosed detective films it is modeled after. The film is filled with allusions to the Big Sleep, especiallyRead MoreAnalysis Of The Poem La Malinche 1269 Words   |  6 Pagescontemporary Chicana/o authors like Lucha Corpi and Michael Nava through their work challenge it and offer a reinterpretation of previously neglected historical figures. With Gloria’s transgression into traditional masculine spaces as a Chicana detective and the reinterpretation of La Malinche, Corpi in Black Widow’s Wardrobe makes justice to Malinche for the agency that she was deprived off by past hi storians, like Octavio Paz’s giving her a mislabel of la chingada. In a similar matter, Nava inRead MoreLiterary Analysis : Modern Detective Fiction1573 Words   |  7 PagesModern detective fiction has been employed cross-culturally predominantly with television media in recent decades as detective serve as reflections of cultural assumptions and values conveyed through the genre. Authors of new innovative storylines with unique characterizations and revitalizations of classic, ageless characters coincide to present new shift messages about crimes, the human element, and the detective. The comparable and divergent adaptations of detective genre is coming when comparingRead MoreGucci Guilty : The New Chapter1865 Words   |  8 Pagesthemselves. The introduction to the advert begins with the letters G and C fusing together to create the logo. Whilst the advert itself has both a male and female protagonist, driving fast and dangerously towards each other, we see a beautiful female with big bright red lips driving an automobile; the male is driving a motorbike. The red lips of the female represent a lot of things, as red is a powerful colour in media. The red lips, fast car and tight leather tell the audience that this is a woman whoRead MoreBig Sleep965 Words   |  4 Pageschosen film adhere to or diverge from the generic convention at play within the genre of the chosen film? ‘The Big Sleep (1946) starring Humphrey Bogart and Lauren Bacall is one of Raymond Chandlers best hard-boiled detective mysteries transformed in to a Film Noir, private detective film classic. The Big Sleep is the best example of a classic Warner Brothers mystery. It is very complex, confusing L.A. private eye Phillip Marlowe takes on a blackmail case and follows a trail peopled with murdersRead MoreRidley Scotts Blade Runner - Ananalysis2682 Words   |  11 Pagesasked to consider the use and resolution of binary opposition and through analysis of narrative structure. In my assignment I am going to consider how the couple is represented, and how the narrative structure and binary oppositions have influence on the plot of the story. Bladerunner is a dark, futuristic science fiction movie, which has been described as a hybrid of science fiction, film noir, detective thriller, bounty-hunter western and love story. Thus, it is a complex film, and thereRead MoreAnalysis of Bladerunner Essay2605 Words   |  11 Pagesconsider the use and resolution of binary opposition and through analysis of narrative structure. In my assignment I am going to consider how the couple is represented, and how the narrative structure and binary oppositions have influence on the plot of the story. nbsp;nbsp;nbsp;nbsp;nbsp; Bladerunner is a dark, futuristic science fiction movie, which has been described as a hybrid of science fiction, film noir, detective thriller, bounty-hunter western and love story. Thus, it is a complex filmRead MoreAbstract Space : The Void1650 Words   |  7 Pagesbetween reality and illusion. As in Rebecca, the painting of Carlotta perpetually hovers over Vertigo’s narrative, and is given the potential to create a void within and to fracture a traditional narrative. The dead Carlotta, in the questionably stable mind of Scottie and Elster, shows a strong visual resemblance to the living Madeline, as if she was a reincarnation of the dead woman. In a narrative focalized through a heavily masculine lens, the painting represents an unattainable object of desireRead MorePaint It Black: The Evolution of Film Noir Essay examples1578 Words   |  7 Pagesliterature. Many hard-boiled pulp novels written by Raymond Chandler and James M. Cain, were adapted for the silver screen. In the book, â€Å"Film Noir Reader 3: Interviews with Filmmakers of the Classic Noir Period† Alain Silver states that â€Å"like its protagonists, film noir is more interested in style than theme, whereas American critics have been traditionally more interested in theme than style.† The aesthetics of film noir are synonymous with German Expressionism. In the film The Cabinet of Dr. CalgaryRead MoreModule a Clemmance - Distinctive Voices Life and Crimes of Harry Lavender1687 Words   |  7 Pagescomposer’s authorial voice in relation to relationships and the wider world to be expressed and communicated through different narrative voices. Using two prominent differentiating narrative voices, Day uses the character and voice of the protagonist, Claudia Valentine, and the antagonist, the crime overlord Harry Lavender, to not only juxtapose the nature of the protagonist and antagonist but also to express her realistic concerns about the moral decay of Sydney, to challenge the notion of stereotypes

Understanding Enterprise Entrepreneurship and Small Business

Question: Discuss about the Understanding Enterprise for Entrepreneurship and Small Business. Answer: Introduction: Modern information technology has dramatically changed the lives of organizations both business and training institutions. The wave of information technology has led to creativity and innovativeness which are the greatest strategies for business success (Crane Matten, 2016). With the adoption of information and communication technology (ICT), online shopping, social networking, digital marketing, and cloud computing have taken a high position in the business world. The use of ICT in the business operation of an education institution assists the management in ensuring systematic management of students data, timely monitoring of curriculum events, and enhancing instant student support programs over their portals (Scheer, 2012). As a result, the institution grows to a world class organization due to high quality and technology-based services offered to the stakeholders. Business training institutions investing in technology create a healthy innovation path which broadens the market share and overall competitiveness in the industry (Bridge O'Neill, 2012). Information and communication technology enable an organization to analyse customers data and efficiently make sound decisions applicable to the course of business life. The use of ICT in a training institution facilitates marketing of the organization's programs and business growth. This gets achieved through digital marketing that enables the marketing team to employ sophisticated technologies in promoting the organization's services all over the marketplace. The success of an institution is broad based to internet marketing. Information and communication technology assists the management in providing customer support services that satisfy their needs. Organizational operations success depends on understanding customers/students needs, behaviors, levels of satisfaction, and trends (Scheer, 2012). The use of internet technology hence enables the management to communicate with students both the existing and potential. Information technology is useful and valuable in resource management which acts as a key driver to business success. ICT plays a significant role in financial and human resource management by introducing a friendly solution in conditions of complex challenges (Klitmoller, 2011). Also, cloud technology enables systems analysts and engineers of an organization to add enterprise resource planning(ERP) solutions. The use of information technology assists the administration make the right decisions that cut across all departments of the institution. This is achieved through conducting a comprehensive technology-based research which gives the management all the most relevant data to make sound decisions (Crane Matten, 2016). The use of Google Analytics and Big Data as online research tools provides accurate data useful for decision making in the business operations. The use of ICT in an educational institution enables the organization store good records for future access and retrieval. Student enrollment data, procurement services, and hiring programs are adequately monitored by student data systems, project management programs, and employee management systems (Klitmoller, 2011). This, therefore, ensures the efficient passing of messages between various parties in the institution. In conclusion, long-term success in business is only achieved through the use of information and communication technology in business. Learning institutions need to invest in ICT to promote innovation and success in the industry. Therefore, hiring skilled IT experts, making real-time decisions, and innovating on business strategy results in business success. References Bridge, S., O'Neill, K. (2012).Understanding enterprise: entrepreneurship and small business. Palgrave Macmillan. Crane, A., Matten, D. (2016).Business Ethics: Managing corporate citizenship and sustainability in the age of globalization. Oxford University Press. Klitmoller, A. (2011). ICT and Knowledge Sharing in MNCs.Euram'11 Proceedings. Scheer, A. W. (2012).Business process engineering: reference models for industrial enterprises. Springer Science Business Media.

The Inside Job - Review free essay sample

ADMAP REVIEW OF THE MOVIE – INSIDE JOB Rohan Rambhia | PGP-10-155 Inside Job is an exemplary recount of how administrator’s role when exploited to form risky administrative strategies by means of faulty processes lead to a crisis of the stature of the recession of 2008. It is a comprehensive documentary which narrates the history of the collapse, not only going into great, informative depth about the risk-based strategies that put the global economy on the line, but looks back to the rise of the financial industry. The biggest question which the documentary arouses is that knowing what happened, why are the miscreants not being punished? As the director, Charles Ferguson, himself stated while receiving the Oscar, â€Å"Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by massive fraud, not a single financial executive has gone to jail, and thats wrong. †1 Lets us first look at the prelude (context) of this financial crisis: ADMAP REVIEW OF THE MOVIE – INSIDE JOB The Clinton era (1990s) worked as a bridge between the Wall Street and the government. We will write a custom essay sample on The Inside Job Review or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page More and more Wall Street CEOs gained access to the government, taking up administrative positions like 2 †¢ Robert Rubin On Wall Street: Chairman and COO of Goldman Sachs For the Government: Secretary of Treasury under Bill Clinton Laura Tyson On Wall Street: Board director of Stanley Morgan For the government: Chair of the US Presidents Council of Economic Advisers during the Clinton Administration. She also served as Director of the National Economic Council. during the Clinton Administration. In 1980s the era of President Ronald Regean – set the foundation for deregulation of various aspects of financial markets. The markets and financial services were deregulated, and the driving force for this liberalization was Alan Greenspan. The deregulation of Wall Street and the savings and loan industry led to less oversight (control and regulation), effectively leading to multiple cases of fraud, insider trading and bad loans/investments that led to massive losses. After â€Å"The Great Depression† of 1929, there was strict regulation for about 40 years. The financial industry was regulated and hence well under control. This was the time when financial services resigned to a simple system of borrowers and lenders. Bankers and traders earned income that matched most working Americans. †¢ †¢ On Wall Street: Paid keynote speaker at banks including Goldman and JP Morgan; keynote speaker at annual Alpha Hedge Bermuda Global Hedge Fund Summit; consultant to hedge funds including D. E Shaw. Larry Summers For the government: Secretary of the Treasury from 1999 to 2001, 2|Page In the Bush era (2000s), regulation was further relaxed and more and more Wall Street professionals became a part of the Government. With this increased inclusion of Wall Street into the Government, there were more and more cases of heavy lobbying, fraud, inflated speculation and unethical practices. Many specific laws were created to accommodate like financial biggies. The most prominent example was that related to Citi Corp’s merger with Travelers. The law prohibited a savings bank to merge with Investment bank. Instead of objecting this merger this deal was given an exemption from the law for a year and in the meantime ‘GrammLeach-Bliley’ Act was passed which validated the merger giving rise to Citi Group. During this period most of the regulatory safeguards were revoked, allowing for huge Wall Street mergers and new laws favoring the financial services industry. The derivatives industry got created, which Wall Street government-administrators refused to regulate. An attempt was made to bring under regulation only to be opposed by the major investment banks supported by the Wall Street professionals turned administrators. This era also saw Bankers and traders making huge commissions off â€Å"junk deals† that lead to the Dot-com bubble burst. ADMAP REVIEW OF THE MOVIE – INSIDE JOB Complex systems of investment were created, which tied everything from mortgages to credit up in the risky practices of the financial services industry. This resulted in inflated speculation and unethical practices by the nation’s leading finance, insurance and credit rating agencies, leading to the 2008 economic collapse. Some of the prominent Wall Street professionals/Academicians in the Bush Government and back to the Wall Street: 2 †¢ Hank Paulson On Wall Street: Goldman Sachs CEO For the government: Secretary of Treasury under George W. Bush Frederic Mishkin For the government: Mishkin was as a member of the Board of Governors of the Federal Reserve under George Bush. Academia: Professor at the Columbia Business School and coauthored a report called Financial Stability in Iceland†. †¢ †¢ David McCormick On Wall Street: President and CEO at FreeMarkets and President of Ariba, consultant with McKinsey Company. For the government: Under Secretary for International Affairs within the United States Department of the Treasury under George W. Bush 3|Page The Obama era promised to bring in a change and also brought with it a ray of dauntless hope failed to keep the Wall Street executives out of his Government. In fact most of the very same Wall Street execs-turned-government administrators who pitched the U. S. into multiple financial crises over multiple decades of unethical practices still hold high ranks in Obama’s cabinet. Following chart gives a comprehensive account of the turn of event: ADMAP REVIEW OF THE MOVIE – INSIDE JOB 1980s Regean Era. 1990s Clinton Era- Bridging Government and Wall Street. 000s The Bush Era- further deregulation and relaxed enforcement Aministrative ProcessComplex systems of investment are created Result inflated speculation and unethical practices leading to the 2008 economic collapse 2010 The Obama era Business as usual. The very same Wall Street execs-turnedgovernment administrators responsible are multiple financial crises still hold administrative positions in the Government. 20XX N o one knows when the next financial tnsunami will hit and more importantly how badly? Aministrative Process: Aministrative Unregulated Strategy: Laid the foundation Derivatives of deregulation. Industry Result: Multiple Result: â€Å"Junk financial crises deals† leading to the Dot-com over the bubble burst. decades. 4|Page Once the Wall Street executives got a foothold in the government, they started making and breaking the rules. These policies were bound to help them in making millions sometime in future due to the prevalence of the ‘revolving door’, whereby financial regulators could be hired within the financial sector upon leaving government. Also, many of the former Wall Street execs took up posts in Academia along with working as consultants. Thus the financial sector looked as following: Inside Job breaks down the complexities that led to the rise of an out of control industry and the financial meltdown of 2008, plunging the world into crisis at a cost of $20 trillion and along with it millions of people’s jobs, homes, and dignity. Let’s look at how (roles and strategy) under the banner of â€Å"innovation,† the Politician/Lobbyists-cum-Financial Executives-cum-Academicians led to the big bubble bursting to the entire world. ADMAP REVIEW OF THE MOVIE – INSIDE JOB Wall Street Executives Academicians Financial Crisis Consultants Financial Regulators (Cabinet positions) Due to the interchangeability of the positions there often arouse conflicts of interest. These conflicts of interest affected credit rating agencies as well as academics that received funding as consultants but didn’t disclose this information in their academic writing. 5|Page ** signifies ? contributed to A startling example given by Charles Ferguson is that of the derivatives market. The high risks that began with subprime lending were transferred from investors to other investors who, due to questionable rating practices, falsely believed that the investments were safe. And these rating were done by Academicians-Consultants who were given millions of dollars for these false ratings. On being questioned by the law about the validity and basis for those ratings, the only answer which was given was that at that time they believed (or were made to believe) that those investments were good. Due to these false ratings the lenders were pushed to sign up mortgages without regard to risk, or even favoring higher interest rate loans, since, once these mortgages were packaged together, the risk was disguised. According to the film, the resulting products would often have AAA ratings, equal to U. S. government bonds. The products could then be used even by investors such as retirement funds which were required to limit themselves to the safest investments. ADMAP REVIEW OF THE MOVIE – INSIDE JOB Another issue highlighted is that of the high pay in the financial industry, and its growth in recent decades out of proportion to the rest of the economy. Even as the banks that failed, the bank executives make hundreds of millions of dollars in the period immediately up to the crisis, all of which was kept, suggesting that the risk/benefit balance had been broken. Another issue depicted by the film is that of the role of academia in the crisis. Many of the leading professors and leading faculty members of the economics and business school establishments often derived large proportions of their incomes from either engaging as consultants, or speaking engagements. For example, current dean of the Columbia Business School, Glenn Hubbard received a large percentage of his annual income from either acting as a consultant or through speaking engagements. Hubbard was also affiliated with KKR and BlackRock Financial. In the documentary, Hubbard as well as current chairman of Harvards department of economics, John Y. Campbell, denied the existence of any conflict of interest between academia and the banking sector, but their actions spoke otherwise. Graph: Wall Street bonuses 3 before and after the crisis 6|Page American investment policies of the past decades and their deregulation over time, gave rise to an age of speculative investment banking and high-stakes trading. This led to predatory lending, CDOs, derivatives and mortgage fraud, ultimately leading Wall Street and its associated institutions to gamble with the fortunes of others. AIG, the worlds largest insurance company, sold huge quantities of derivatives, called credit default swaps. For investors who owned Collateralized debt obligations (CDOs), credit default swaps worked like an insurance policy. An investor who purchased a credit default swap paid AIG a quarterly premium. If the CDO went bad, AIG promised to pay the investor for their losses. It’s clear by now that the main reason of the financial meltdown was the unregulated derivatives market but many different and innovative ideas led to the final breakdown. Now let’s look at these processes involved. ADMAP REVIEW OF THE MOVIE – INSIDE JOB Since credit default swaps were unregulated, AIG didnt have to put aside any money to cover potential losses Instead, AIG paid its employees huge cash bonuses as soon as contracts were signed. People were essentially being rewarded for taking massive risks. They generated short-term revenues and profits, and therefore were awarded with huge bonuses. That was a totally distorted system of compensation. Figure 4: AIG and Credit default swaps. The facility of insurance is not unusual. But the extended part of the insurance was shocking. Unlike the regular insurance, speculators could also buy credit default swaps from AIG in order to bet against CDOs they didnt own. In this way the derivatives universe enabled anybody to insure without actual ownership. So, if the CDO defaulted and a number of credit default swaps were issued against it, the number of losses in the system became proportionately larger. 7|Page In the end, it seems no one can be trusted. Even Obama, who represented change and hope, is himself heading a Wall Street government. When everything seems to fail, there is only one thing that can be done – have law enforcement that is necessary to enforce the laws we have. Thus the initial idea of President Reagan that it was ‘unAmerican’ that in this capitalist society that oversight and restrictions should exist and that the companies would check themselves, eventually led to a serial of disastrous crises. Even now when many financial regulations are put back in place, the underlying system has not changed; rather the remaining banks have only become bigger, and have retained their incentives. Conclusion: Thus Investment banks started selling CDOs specifically designed so that the more money their customers lost, the more money they made. Effectively they led the financial industry run the world into a huge economic crisis, while the industry itself earned from it. Going a step further some investments banks like Goldman Sachs didnt just sell toxic CDOs; they even started actively betting against them at the same time. On one hand they were telling customers that these were high-quality investments and on the other hand they themselves were shorting them. Investment banks also bought swaps from AIG, bet against CDOs they didnt own (in fact the ones which they sold), and got paid when the CDOs failed. ADMAP REVIEW OF THE MOVIE – INSIDE JOB 8|Page References: ADMAP REVIEW OF THE MOVIE – INSIDE JOB 1. http://www. youtube. com/watch? v=mpz5DVwnbnk=player_embedded 2. http://www. businessinsider. com/people-who-have-worked-on-wall-streetwashington-white-house-2011-3? op=1#ixzz1Iugg1kcq 3. http://streetlightblog. blogspot. com/2011/02/plateau-in-wall-streetcompensation. html 4. http://gulzar05. blogspot. com/2008/09/nationalization-of-aig. html 9|Page