The economic meltdown portrayed in the movie the "Inside Job" was a solid example of why there should be more regulation in the financial market. Without regulation, the people we put in charge of this country's most important financial industries will continue to do what they have done over the years. They will refine their methods and the next time it happens we may not be able to recovery from it. The system needs to be reformed so that future occurrences such as this, do not happen again. The major institutions such as, Citigroup, JP Morgan, Bank of America, and Goldman Sachs need better regulation if they are considered "too big to fail" companies. Lack of said regulation leads to large gains for corporations, who reap the benefits but disassociate with any losses and leave the losses to taxpayers. They take unnecessary risks for profit at the risk of other people's money and when their company fails, or goes bankrupt, they keep all their money but loose the people's money they were gambling with. If these companies would not have been conducting this immoral behavior, the government would not have had to step in, issuing bailout funds and increasing the national debt. Had the government not stepped in, the real economy would probably have stopped within a few days, with massive withdrawals of funds from money markets and a shutdown of the commercial paper market. Which in turn would cut off health companies such as Microsoft from their daily activities like financing their inventories and paying their employees. The bottom line is, that when our major financial companies are allowed to make major gambles like they have that we all pay the price in the end. Regulation of the financial market is a necessity to ensure that if something like this every happens again, that the massive damage not only to our economy, but economies across the globe becomes more of a non-event for the economy as a whole. Institutions that are "too big to fail" need to rely on their general slow economic growth and follow it's natural, sustainable levels. Otherwise, as we have learned, they grow out of control on gambles for rapid growth, but with a price tag that only increases with time. The severity of the gambles made may have been fun for the people making the gambles, but it's not so fun for the rest of the world when we are the ones who pay the ultimate price in the end.

Katsenelson, V. (2010, January 29) More regulation in financial markets, please!. MSN Money. Retrieved from: http://money.msn.com/top-stocks/post.aspx?post=00000065-0000-0000-c248- 180000000000