Inside Job Essay

The collapse started back in the 1980’s with the deregulation of Savings and loans, this meant that the government no longer was overseeing the manner in which business was conducted. This in its self did not create the collapse, but as time when along more deregulation in the banking sector took place. Banks could now begin to loosen their lending guidelines, this trend lead to what was know as sub prime lending. Many banks such as Chase, Citi, Bank of America, Countrywide and many more started these companies to lend to the less then slandered banking customers. This way the banks could still make money, but not jeopardize their portfolio customers. Now banks could lend money to customers that had credit scores less then 700 and with resent bankruptcy and even foreclosures and their credit. The biggest reason for the sub prime was money. Now there really was no limit on what interest rate the banks could charge for their sub prime products. The banks could then bundle their sub prime loans and sell them to Wall Street and receive margins on the loans, for example if the prime rate on Wall Street was 4.5% and your interest rate on your loans might be 9.5% Wall Street might pay the bank 3% on all their loans. Now this then is where the collapse is starting, Banks now are offering more and more products to lesser credit worthy customers at high rates and mortgage brokers and bankers are pushing these products because the banks are now offering incentives for these products and why because the banks are making money on them not because they are the best for the consumer. The next chapter of the collapse is on Wall Street as shown in the movie AIG comes up with this great insurance idea of derivatives for the sub prime market. What these derivatives would do is protect the servicers and buyers of sub prime loans in case the loans will fail and who helped AIG come up with this idea, Their next door neighbor and biggest buyer of sub prime loans Lehman Brothers. As we see in the movie everything comes to a head in 2008, Lehman Brothers closes, AIG is bailed out by the government and all sub prime lenders close.  Yet no one is prosecuted and most all the upper management from the companies that contributed to the collapse are either still teaching business in upper scale colleges or hold positions on government cabinets. In conclusion this movie shows how money and the promise of unlimited amounts, can turn Wall Street and the banking sector to do whatever it takes ethically or unethically to achieve it. We see that companies such as AIG and Fannie Mae and Freddie Mac will lie and doctor their accounting, and even pay to receive AAA rates even days before they went bankrupt so investors wouldn’t know. Has Wall Street learned its lesson or do they even care?

Summary about Romanesque architecture period

Summary about Romanesque architecture period Romanesque architecture period is one of the most cherished periods in the history of architecture. During this period, several buildings were constructed which have remained fascinating in Europe and attractive to people around the world. This essay gives a summary of the Romanesque architecture period, highlighting some of the major events which took place during this period including historic buildings and structures which continue to symbolize this period today.Advertising We will write a custom essay sample on Summary about Romanesque architecture period specifically for you for only $16.05 $11/page Learn More According to historic findings and recordings, Romanesque architecture thrived during the Medieval or Middle Ages and was highly associated with Normans. In general, Romanesque architecture usually refers to structures which were constructed and used from 800 AD to 1100 AD (Sacred Destinations 1). It has arguably been mentioned that this type of a rchitecture generates major confusion as it relates closely to the architectural designs during the Roman Empire. Notably, Romanesque architecture was originally designed by the Normans after the fall of the Roman Empire. Of importance is the fact that the history of Romanesque architecture was primarily linked to the dedication of people to religion, a fact that resulted into the construction of several churches in England which adopted Romanesque design. Many people who visited the Holy Land admired magnificent architectural work done by the Byzantine Empire. This admiration caused a revolution in architecture, castle building ideas and engineering during the Romanesque architecture period (Browne 4). As mentioned above, the existing interest in religion during Romanesque time necessitated construction of buildings which could conveniently accommodate huge crowds in places like Santiago. Due to huge crowds flocking these places, basilicas were unable to hold them resulting into th e need to have the buildings designed to have the shape of a cross. Additionally, architects adopted this design because they wanted to do away with wood as the main construction material (Castles 1). They therefore began using stones, groin and barrel vaults to make ceilings for most of the churches. Although this was adopted, ceiling weight overpowered walls forcing architects to pile stones along the walls for the purpose of supporting them and preventing them from being pushed outward. Alternatively, architectures opted to use thick walls which could withstand the heavy weight of ceilings emanating from ceiling stones. This resulted into the use of small windows, making the interior of most churches to be dim (Sacred Destinations 1).Advertising Looking for essay on architecture? Let's see if we can help you! Get your first paper with 15% OFF Learn More Moreover, the Romanesque architecture period has been referred to as the Age of Monasticism during which monastic homes became common as they attracted the attention of religious people and scholars. This period also coincided with the Crusades Age when Christians were determined to restore freedom for Holy Lands (Castles 1). These events promoted economic growth through trade, construction of infrastructure like roads and the expansion of the construction industry to meet extra demand for buildings. In analyzing this period, Norman is also considered as one of the most significant modifications of the Romanesque architecture in Normandy, France. It is believed that the interior of St. Etienne clearly illustrates evidence why Norman architecture remains the most advanced construction design of the period (Sacred Destinations 1). Its interior displays a complex design depicting the Gothic style of construction. Notably, the round Roman arch is gives the main difference between Gothic designs and Romanesque architecture. Although there were other construction styles, Romanesque architec ture influenced construction engineers across Europe. This was common in the construction of churches in England which were later converted into cathedrals (Sacred Destinations 1). Even though a good number of the cathedrals were constructed in different ways, Norman styles were also applied especially in the nave arcades. It is important to mention that the Gothic arches of Winchester Cathedral were developed from Norman piers curved by masonries. This was also witnessed in parts of Italy where churches like the Florence Cathedral was built based on the Gothic style (Castles 1). It comprised of the sturdy columns which portrayed a tailored version of the Corinthians. Architects made use of the pointed vault as it was used together with the semicircular arches. Based on this assumption, many analysts have argued that most facades of Gothic churches in parts of Italy are almost indistinguishable from Romanesque as they have a wide range of similarities. Similarly, the Romanesque peri od was an important time that led to defensive architecture manifested through design and architecture in most parts of Europe. Although these architectural designs were common to churches and monastic buildings, it extended to castles and other buildings during the same period (Sacred Destinations 1). Despite the fact that most of these buildings have been ruined throughout history as a result of war and politics, there are some which have remained intact. A good example is the White Tower found within the Tower of London, constructed by William the Conqueror as his stronghold and residence (Castles 1). In parts of Germany, palaces were mainly built for bishops and rulers as wealthy merchants used Romanesque architecture to build their homes in towns.Advertising We will write a custom essay sample on Summary about Romanesque architecture period specifically for you for only $16.05 $11/page Learn More Based on the above analysis, it is evident that Romanesq ue architecture period was a significant time in the history of several architectural designs. The influence of this period has remained evident from buildings around the world which were constructed during this period. Browne, Edith. Romanesque Architecture. Whitefish, Montana: Kessinger Publishing, 2005. Print. Castles. Romanesque Architecture. Castles, 2011. Web. ancientfortresses.org/romanesque-architecture.htm. Sacred Destinations. Romanesque Architecture. Sacred Destinations, 2011. Web.

Using Beowulf in the Secondary Education Classroom Research Paper

Using Beowulf in the Secondary Education Classroom - Research Paper Example During the Anglo Saxon era story telling was an integral part of their daily life. Storytelling had a huge significance to the societies them. Storytelling was done for entertainment, to teach, and as a pastime. As a result of their storytelling culture, they are able to keep certain aspects of social conducts in check. The resulting situation is one in which people were able to know the social standards of conduct that is expected of them by the society. It was also used as a way of passing of culture from generation to generation. The stories that were traditionally told in the Anglo Saxon societies had a number of cultural messages that were passed to the audience (Zimmerman 125). As a result of this nature, they were able to give cultural details to people, enabling the continuity of the society’s cultural values. This is the reason as to why storytelling is commonly referred to as one of the most effective means through which societies in the Anglo Saxon era made sure tha t they preserved their culture from one generation to another. Traditionally the Anglo Saxon culture was always passed from one generation to another through oral literature. This made oral literature an important part of the lives of the people during the Anglo Saxon era. The thing about oral literature that is closely dependent on language. Understanding of a community’s linguistic history will enable someone to understand their oral literature. The English language has undergone some changes between the time of Anglo Saxon and the modern British society (Davison, Jon, Caroline Daly, and John Moss 99). This kind of understanding will help someone in getting the most from Anglo Saxon epic poems such as Beowulf. This will also enhance their use in literal and linguistic arts education. The poem depicts the warrior culture of Europe during the period of Anglo Saxon. This is in many ways of high historical

Classic and Non Classic Analysis in Likelife Essay - 7

Classic and Non Classic Analysis in Likelife - Essay Example Classic style is identified by a collection of techniques which are used by the writer rather than the attitude depicted towards writing (Thomas and Turner 8). ‘Likelife’ presents a mixture of classical and non classical forms of writing in literature as the writer uses these styles to explain the events that took place in the 2003 World Taxidermy Championship. It not only depicts the technique but the passion of the writer towards her topic of discussion. Thomas and Turner refer to this aspect as a concept used in classic style. Orlean Susan The uses classic style in ‘Likelife’ as she describes the culture portrayed in taxidermy events. This notion depicts the art of classic writing as the writer tends to know what she is scripting before the actual publication. She describes Taxidermy Championship as a culture that astonishes many people in the world. Susan presents the history of World Taxidermy Championship which portrays the concept of classic writing as it refers to classical events. The World Taxidermy Championship became popular in 1882. It was viewed as a culture of the Society of American Taxidermists. Â   Non classic style is reflected in Orlean’s writing where she presents the transformation of World Taxidermy Championship from being an ordinary cultural event to an economy generating sport (Thomas and Turner 8). This is due to its ability to raise much income annually. Taxidermy is estimated to raise 570million dollars annually. Economic reflection in literature is not a concept used in classic but modern writing as it depicts the influence of pop culture in literature. This form of transition from describing the sport as a traditional cultural practice to an economic event presents the difference between two eras thus depicting the art and role of non classic style as described by Thomas and Turner.