Collin UlnessFilm Analysis #1The IntouchablesIn 2008, the worst financial crisis since the Great Depression hit and left many people wondering who should be responsible. Many Americans supported the prosecution of Wall Street. To date, no Wall Street executive has yet been arrested in connection with the financial collapse. Many analysts point out that executive greed was one of the many factors causing the crisis. I will talk about subprime lending, bad intentions, sanctions and white collar crime. I feel like The Untouchables did a great job summarizing the events that took place before, during and after the financial collapse of 2008. The parts I liked about this video, these are all the interviews. They questioned everyone, including people at the bottom rungs of the banks, who were trying to get senior officials to listen to them. One statement I remember most was from Senator Ted Kaufman, who said that the crisis not only almost destroyed the financial system in the United States, but it also almost destroyed the global financial system. It made me realize the magnitude of the situation. In 2008 when all this was happening, I was only 15 years old, so I had no idea what was going on. I remember always hearing about it on the news, but never fully understood it, so this was a good summary of what happened. I think one of the things that the video should have covered a little more is how banks do business differently today and whether the courts are still going after the banks and the people responsible. Countrywide's business tactic was to "fund them". If a person doesn't have a job or assets, the answer was always "Fund them." This is a practice called subprime lending that allows you to lend...paper...funds under an extremely watchful eye. The film was aptly named The Untouchables because it really highlighted that it is possible for something so big that it is untouchable to be pursued. I think most white collar crimes are punished, but there are cases where it's not because it's hard to prove. Although I can't think of any specific examples of white-collar crime going unpunished, I hear about it in the media. The power structure in America permanently isolates the rich and powerful. In conclusion, people have still not been held accountable for one of the greatest financial collapses of all time. I think there should be a limit on who can qualify for a loan to avoid this situation again. I think everyone who is responsible should be held accountable for what happened, even if it means the banks failing..