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SEMINAR: WALL STREET: CRIME NEVER SLEEPS

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Today's date is Wednesday, August 12, 2020
WALL STREET: CRIME NEVER SLEEPS : This presentation addresses the central role of investment banks in bringing about the financial crisis of 2008. Other events...
This presentation addresses the central role of investment banks in bringing about the financial crisis of 2008. It specifically addresses some of the principal reasons why to date the investment banks and their executives have not been criminally prosecuted for grossly fraudulent activity in the lead-up to the financial crisis. Some reference is made to the quite different Icelandic response to its financial crisis, and the different outcome. Specific dimensions of wrong-doing by the investment banks are identified, as are some of the key criminogenic factors which contributed to their fraudulent activity. The case is advanced that a specifically criminological analysis is needed to make sense of the financial crisis, and the crimes of banks are considered in relation to conventional crimes against banks. The prominent Goldman Sachs investment bank receives special attention here, in relation to a long history of deceptive and harmful practices, and the on-going impunity with which it has engaged in these activities. Some broader policy implications of the crimes of Wall Street are addressed in a concluding section of this presentation.
Speaker(s) David O. Friedrichs - Distinguished Professor of Sociology/Criminal Justice, University of Scranton
Location Crime Research Centre Post-grad Teaching Room, 2nd Floor, Room 294 Law and Social Science Building
Contact Tara McLaren <[email protected]> : 2638
Start Thu, 27 Mar 2014 12:00
End Thu, 27 Mar 2014 13:00
Submitted by Tara McLaren <[email protected]>
Last Updated Tue, 18 Mar 2014 15:11
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