Download Essays on the Financial Crisis: Systemic Greed and Arrogant Stupidity AudioBook Free
The financial crisis that peaked in the United States during the fall of 2008 is a fantastic research study of what can go wrong with command and corporate and business governance - in business, financial ethics, federal regulation aimed both at the company level with that of the economic climate itself, and legal accountability for the culprits.The collection commences with a series of essays on Lehman Brothers, with particular focus on its previous CEO, Richard Fuld. Given the fraudulence surrounding sub-prime mortgage loan bonds at numerous bankers, the second part of the collection looks at why legal accountability was so elusive in the United States. Weaknesses in the financial legislation, with particular focus on whether agencies had been captured by their particular regulated firms, includes the 3rd part. The fourth part examines the culpability of the Federal government Reserve Loan provider, which got perhaps been too near its regulated bankers to foresee the crisis.The audiobook concludes with essays on why business ethics had been so very fragile. The careful listener will take from the collection a sense that the economic climate remained susceptible even after federal attempts to lessen the systemic risks of a huge bank heading under.
