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

How They Got Away With It

White Collar Criminals and the Financial Meltdown

By: Susan Will (Editor), Stephen Handelman (Editor), David C. Brotherton (Editor)

Hardcover | 30 October 2012 | Edition Number 1

At a Glance

Hardcover


RRP $209.00

$184.75

12%OFF

or 4 interest-free payments of $46.19 with

 or 

Aims to ship in 15 to 25 business days

An international team of scholars with backgrounds in criminology, sociology, economics, business, government regulation, and law examine the historical, social, and cultural causes of the 2008 economic crisis. They also take stock of the long-term devastation done to governments, businesses, and individuals, and the ongoing, systemic issues that have so far allowed the perpetrators to get away with their crimes. Insightful essays probe the workings of the toxic subprime loan industry, the role of external auditors, the consequences of Wall Street deregulation, the manipulations of alpha hedge fund managers, and the "Ponzi-like" culture of contemporary capitalism. They unravel modern finance's complex schematics and highlight their susceptibility to corruption, fraud, and outright racketeering. They examine the involvement of enablers, including accountants, lawyers, credit rating agencies, and regulatory workers, who failed to protect the public interest and enforce existing checks and balances. While the United States was "ground zero" of the meltdown, the financial crimes of other countries intensified the disaster. Internationally-focused essays consider bad practice in China and the European property markets, and they draw attention to the far-reaching consequences of transnational money laundering and tax evasion schemes. By approaching the 2008 crisis from the perspective of white collar criminology, contributors build a more general understanding of the collapse, and they crystallize the multiple human and institutional factors preventing justice from capturing even the worst offenders.
Industry Reviews
We have clearly not learned the lessons of past financial debacles, a central one being that crime has played a significant role in them. Unlike traditional economic and legal analyses, this volume starts from the (correct) premise that criminal offending was a central phenomenon in the meltdown. Its contents provide diverse and penetrating analyses of how fraud occurred and how it might best be prevented. This work provides an excellent foundation for further academic research and needs to be on the desk of every legislator dealing with financial regulation. -- Henry N. Pontell, University of California, Irvine, coauthor of Profit Without Honor: White-Collar Crime and the Looting of America Criminology failed the challenges of the global financial crisis. In this book, leading criminologists put this right by explaining impunity for the crimes of financial capitalism. It is rich with insight on how Wall Street games regulation. When Goldman Sachs takes fat fees to help Greece conceal its debt, is fraud involved? Are millions of unemployed Greeks victims of fraud? Are we all? What of Goldman Sachs then placing bets on the failure of the Greek economy? These are the questions considered in this important work. -- John Braithwaite, Australian National University ...this book is a valuable resource for details about the financial crisis. Library Journal

More in Jurisprudence & General Issues

Principles of Administrative Law : 4th Edition - Leighton McDonald

RRP $151.95

$124.90

18%
OFF
The New Lawyer : 3rd Edition - Nickolas James

RRP $131.95

$115.35

13%
OFF
Crime, Criminality and Criminal Justice : 3rd edition - Rob White
Lawyers in Australia : 4th edition - John Littrich

RRP $99.00

$85.75

13%
OFF
Parker and Evans's Inside Lawyers' Ethics : 4th Edition - Francesca  Bartlett
Connecting With Law : 5th Edition - Michelle Sanson

RRP $124.95

$103.75

17%
OFF
Legal Studies for VCE Units 1 & 2 Student Book+obook pro : 15th Edition - Lisa Filippin
Practical Legal Ethics : 1st Edition - Kim Bailey

RRP $98.00

$88.75

Horizontal Rights : An Institutional Approach - Gautam Bhatia

RRP $84.99

$67.50

21%
OFF
Examining Crime and Justice around the World : Global Viewpoints - Janet P. Stamatel
First Knowledges Law : The Way of the Ancestors - Marcia Langton
Lawyers' Professional Responsibility : 7th Edition - Gino Dal Pont

RRP $190.00

$163.25

14%
OFF
Civil Dispute Resolution : Balancing Themes and Theory - Sonya  Willis
True Tracks : Respecting Indigenous knowledge and culture - Terri Janke
Eichmann in Jerusalem : A Report on the Banality of Evil - Hannah Arendt