A critical examination of the wrongdoing underlying the 2008 financial crisis
An unprecedented breakdown in the rule of law occurred in the United States after the 2008 financial collapse. Bank of America, JPMorgan, Citigroup, Goldman Sachs, and other large banks settled securities fraud claims with the Securities and Exchange Commission for failing to disclose the risks of subprime mortgages they sold to the investing public. But a corporation cannot commit fraud except through human beings working at and managing the firm. Rather than breaking up these powerful megabanks, essentially imposing a corporate death penalty, the government simply accepted fines that essentially punished innocent shareholders instead of senior leaders at the megabanks. It allowed the real wrongdoers to walk away from criminal responsibility.
In The Case for the Corporate Death Penalty, Mary Kreiner Ramirez and Steven A. Ramirez examine the best available evidence about the wrongdoing underlying the financial crisis. They reveal that the government failed to use its most powerful law enforcement tools despite overwhelming proof of wide-ranging and large-scale fraud on Wall Street before, during, and after the crisis.
The pattern of criminal indulgences exposes the onset of a new degree of crony capitalism in which the most economically and political powerful can commit financial crimes of vast scale with criminal and regulatory immunity. A new economic royalty has seized the commanding heights of our economy through their control of trillions in corporate and individual wealth and their ability to dispense patronage. The Case for the Corporate Death Penalty shows that this new lawlessness poses a profound threat that urgently demands political action and proposes attainable measures to restore the rule of law in the financial sector.
Автор: Kreiner Ph. D. Thane Название: Composition of Life: A Memoir of Science and Spirituality ISBN: 1977204643 ISBN-13(EAN): 9781977204646 Издательство: Неизвестно Цена: 20780.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Composition of Life is more than a memoir: it is a spiritual journey of forgiveness, compassion, and reconciliation that transcends time and place. Science and serendipity resonate with one another, twin strands of evidence weaving stories of sorrow and loss with moments of consolation and abiding love. Butterflies emerge from cocoons in an Eden-like garden, evoking memories of a mother who succumbed to pancreatic cancer as fires rage through Northern California. The #MeToo movement, rampant racism under a populist regime, and climate change connect across eons with childhood recollections both sweet and sorrowful. A periodic table of life, elements range from the periodic table to the physical elements of alchemy and the tree of life. Both the mother-son bond and the father-son wound are revealed in ways that science cannot explain and that cross borders, figurative and literal.
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