How They Got Away With It: White Collar Criminals and the Financial Meltdown

How They Got Away With It: White Collar Criminals and the Financial Meltdown

Susan Will


A crew of students with backgrounds in criminology, sociology, economics, company, govt rules, and legislations research the old, social, and cultural motives of the 2008 monetary situation. Essays probe the workings of the poisonous subprime personal loan undefined, the function of exterior auditors, the implications of Wall highway deregulation, the manipulations of alpha hedge fund managers, and the "Ponzi-like" tradition of up to date capitalism. They get to the bottom of smooth finance's complicated schematics and spotlight their susceptibility to corruption, fraud, and outright racketeering. They research the involvement of enablers, together with accountants, attorneys, credit standing organizations, and regulatory staff, who didn't shield the general public curiosity and implement present exams and balances. whereas the USA used to be "ground 0" of the meltdown, the monetary crimes of alternative nations intensified the catastrophe. Internationally-focused essays think about undesirable practices in China and the ecu estate markets and draw consciousness to the far-reaching outcomes of transnational funds laundering and tax evasion schemes. by way of impending the 2008 problem from the point of view of white collar criminology, members construct a extra common realizing of the cave in and crystallize the a number of human and institutional components combating catch of even the worst offenders.

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