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Incentivizing Injustice

- The 2008 Financial Crisis and Prosecutorial Indiscretion
Af: Sari Krieger Engelsk Hardback

Incentivizing Injustice

- The 2008 Financial Crisis and Prosecutorial Indiscretion
Af: Sari Krieger Engelsk Hardback
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In a time of painful economic and legal inequities, we are still plagued by a gnawing question: why did no major bank executive face any meaningful consequences for the 2008 financial crisis? Meanwhile, average Americans lost 8.8 million jobs and $19.2 trillion in household wealth, with the crisis'' impacts still reverberating throughout society. Moving beyond the popular narrative that the rich simply play by different rules, this book focuses not on the potential perpetrators, but on the powerful prosecutors deciding who faces charges and who goes home with a fine. In the years leading up to the financial crisis, the Justice Department experienced embarrassing losses and moved a deluge of resources away from everything else to fund post 9/11 counter-terrorism. White-collar federal prosecutors found themselves working in an overly cautious and under-funded institution. At the same time, the lure of defense firms had grown much stronger, offering million-dollar partnerships. Prosecutors had every incentive at this time to improve their image by obtaining big fines with banks through settlements, rather than risking complicated litigation, but at what cost to American justice and trust in the rule of law?

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In a time of painful economic and legal inequities, we are still plagued by a gnawing question: why did no major bank executive face any meaningful consequences for the 2008 financial crisis? Meanwhile, average Americans lost 8.8 million jobs and $19.2 trillion in household wealth, with the crisis'' impacts still reverberating throughout society. Moving beyond the popular narrative that the rich simply play by different rules, this book focuses not on the potential perpetrators, but on the powerful prosecutors deciding who faces charges and who goes home with a fine. In the years leading up to the financial crisis, the Justice Department experienced embarrassing losses and moved a deluge of resources away from everything else to fund post 9/11 counter-terrorism. White-collar federal prosecutors found themselves working in an overly cautious and under-funded institution. At the same time, the lure of defense firms had grown much stronger, offering million-dollar partnerships. Prosecutors had every incentive at this time to improve their image by obtaining big fines with banks through settlements, rather than risking complicated litigation, but at what cost to American justice and trust in the rule of law?

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Produktdetaljer
Sprog: Engelsk
Sider: 144
ISBN-13: 9781793654496
Indbinding: Hardback
Udgave:
ISBN-10: 1793654492
Kategori: United States of America, USA
Udg. Dato: 21 feb 2023
Længde: 14mm
Bredde: 157mm
Højde: 237mm
Forlag: Lexington Books
Oplagsdato: 21 feb 2023
Forfatter(e): Sari Krieger
Forfatter(e) Sari Krieger

Kategori United States of America, USA

ISBN-13 9781793654496

Sprog Engelsk

Indbinding Hardback

Sider 144

Udgave

Længde 14mm

Bredde 157mm

Højde 237mm

Udg. Dato 21 feb 2023

Oplagsdato 21 feb 2023

Forlag Lexington Books