Download the fantastic book titled The Case for the Corporate Death Penalty written by Mary Kreiner Ramirez, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "The Case for the Corporate Death Penalty", which was released on 31 January 2017. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Law genre.
Summary of The Case for the Corporate Death Penalty by Mary Kreiner Ramirez PDF
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.
Detail About The Case for the Corporate Death Penalty PDF
- Author : Mary Kreiner Ramirez
- Publisher : NYU Press
- Genre : Law
- Total Pages : 288 pages
- ISBN : 1479873160
- Release Date : 31 January 2017
- PDF File Size : 16,5 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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