Description Inside Job - the same film you watched for Module 1 Before the Commodity Futures Modernization Act changed the law applying to investment banks, the investment banks owed their customers a common law duty of care. When you watched the video lecture on product liability based on negligence, you learned that businesses must select materials carefully test carefully, design carefully, assemble carefully, and provide adequate warning labels on products or services, such as medical treatments. If businesses do not want to be sued for negligence/carelessness when you are injured, they can require you to sign a waiver or lobby fo protective legislation like the CFMA so they cannot be sued under the common law. Assume the common law duty of care from the tort, Product Liability Based on Negligence applies to the NY investment banks and businesses you see in the film Inside Job. Did the investment banks select materials carefully when they created CDO's/derivatives/credit default swaps? Did the derivative products the investment bans sold cause injuries to the consumers? How were the purchasers of derivatives injured? The US government bailed out Wall Street investment banks after the Great Recession of 2008-2010 in the law called TARP. Do you agree with the bail out? Why or why not