Too big to fail, too powerful to jail?: on the absence of criminal prosecutions after the 2008 financial meltdown

Various explanations have been offered regarding the causes of the current global economic crisis that was spawned by the collapse of mortgage-based securities in the U.S. that were sold world-wide and that contained "toxic assets" comprised of subprime loans. There is ample evidence that...

Full description

Saved in:  
Bibliographic Details
Main Author: Pontell, Henry N. (Author)
Contributors: Black, William K. ; Geis, Gilbert
Format: Electronic Article
Language:English
Published: 2014
In: Crime, law and social change
Year: 2014, Volume: 61, Issue: 1, Pages: 1-13
Online Access: Volltext (lizenzpflichtig)
Journals Online & Print:
Drawer...
Check availability: HBZ Gateway
Keywords:

MARC

LEADER 00000caa a22000002 4500
001 1853975265
003 DE-627
005 20240405124259.0
007 cr uuu---uuuuu
008 230731s2014 xx |||||o 00| ||eng c
024 7 |a 10.1007/s10611-013-9476-4  |2 doi 
035 |a (DE-627)1853975265 
035 |a (DE-599)KXP1853975265 
040 |a DE-627  |b ger  |c DE-627  |e rda 
041 |a eng 
084 |a 2,1  |2 ssgn 
100 1 |a Pontell, Henry N.  |d 1950-  |e VerfasserIn  |0 (DE-588)1046475614  |0 (DE-627)776493892  |0 (DE-576)162591616  |4 aut 
109 |a Pontell, Henry N. 1950-  |a Pontell, Henry 1950-  |a Pontell, Henry Nathan 1950- 
245 1 0 |a Too big to fail, too powerful to jail?  |b on the absence of criminal prosecutions after the 2008 financial meltdown  |c Henry N. Pontell, William K. Black, Gilbert Geis 
264 1 |c 2014 
336 |a Text  |b txt  |2 rdacontent 
337 |a Computermedien  |b c  |2 rdamedia 
338 |a Online-Ressource  |b cr  |2 rdacarrier 
500 |a Literaturverzeichnis: Seite 12-13 
520 |a Various explanations have been offered regarding the causes of the current global economic crisis that was spawned by the collapse of mortgage-based securities in the U.S. that were sold world-wide and that contained "toxic assets" comprised of subprime loans. There is ample evidence that such loans were originated through fraud. Firms recorded huge profits, and executives were awarded large bonuses even though some had led their companies into bankruptcy and plunged both the U.S. and global economies into the greatest recession since the Great Depression. This paper assesses the reasons why there have been no major prosecutions to date, and compares the U.S. government's response to that in the savings and loan crisis. It analyzes the influence of large financial institutions on lawmaking, regulation, and the allocation of enforcement resources, the continued general lack of understanding of financial fraud including control fraud, and problems related to the higher status and power of potential defendants. 
650 4 |a Corporate Crime 
650 4 |a Financial Fraud 
650 4 |a Financial Meltdown 
650 4 |a Large Financial Institution 
650 4 |a Mortgage Fraud 
700 1 |a Black, William K.  |d 1951-  |e VerfasserIn  |0 (DE-588)173784135  |0 (DE-627)698688325  |0 (DE-576)134624211  |4 aut 
700 1 |a Geis, Gilbert  |d 1925-2012  |e VerfasserIn  |0 (DE-588)128734515  |0 (DE-627)378683713  |0 (DE-576)161080952  |4 aut 
773 0 8 |i Enthalten in  |t Crime, law and social change  |d Getzville, NY : HeinOnline, 1991  |g 61(2014), 1, Seite 1-13  |h Online-Ressource  |w (DE-627)320525325  |w (DE-600)2015096-9  |w (DE-576)252295854  |x 1573-0751  |7 nnns 
773 1 8 |g volume:61  |g year:2014  |g number:1  |g pages:1-13 
856 4 0 |u https://doi.org/10.1007/s10611-013-9476-4  |x Resolving-System  |z lizenzpflichtig  |3 Volltext 
951 |a AR 
ELC |a 1 
LOK |0 000 xxxxxcx a22 zn 4500 
LOK |0 001 4361605165 
LOK |0 003 DE-627 
LOK |0 004 1853975265 
LOK |0 005 20240405124259 
LOK |0 008 230731||||||||||||||||ger||||||| 
LOK |0 040   |a DE-21-110  |c DE-627  |d DE-21-110 
LOK |0 092   |o n 
LOK |0 852   |a DE-21-110 
LOK |0 852 1  |9 00 
LOK |0 935   |a krzo 
ORI |a WA-MARC-krimdoka001.raw