How They Got Away with it: White Collar Criminals and the Financial Meltdown - Softcover

Will, Susan; Handelman, Stephen; Brotherton, David

Softcover

ISBN 10: 023115691X ISBN 13: 9780231156912

Publisher: Columbia University Press, 2012

Synopsis

How They Got Away with it A 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. 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-l... Full description

About this title

Review:

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

About the Author:

Susan Will is an assistant professor of sociology at John Jay College of Criminal Justice. Stephen Handelman is director of the Center of Media, Crime, and Justice at John Jay College of Criminal Justice. He is the author of Comrade Criminal: Russia's New Mafiya, which was named a New York Times Notable Book of the Year. David C. Brotherton is professor and chair of sociology at the John Jay College of Criminal Justice and the Graduate Center, the City University of New York. His most recent publication, with Luis Barrios, is Banished to the Homeland: Dominican Deportees and Their Stories of Exile.

About this edition

• Publisher: Columbia University Press
• Publication date: 2012
• ISBN 10: 023115691X
• ISBN 13: 9780231156912
• Binding: Paperback
• Number of pages: 320