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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.
Edwin H. Sutherland is widely identified as the single most important and influential criminologist of the twentieth century. He is especially well-known for his path-breaking criminology textbook (first published in 1924), his promotion of a sociological (and scientific) approach to the understanding of crime and its control, his theory of differential association, and his work over his final ten years on white-collar crime, a term he is credited with having introduced. This book explores the contemporary meaning of Edwin Sutherland and considers why criminologists today should continue to engage with his work. What can and should Sutherland mean to future 21st century criminologists, those working in the field say between 2021 and 2050, or some one hundred years after the 1921 to 1950 period that encompassed Sutherland’s criminological career? Which dimensions of Sutherland’s work have best survived the march of time and which are most likely to – and deserve to – survive going forward? Making the case that Sutherland is important to both mainstream and critical criminologists, to positivistic criminologists and those who study crimes of the powerful, this book is essential reading for both students and scholars interested in exploring the enduring legacy of this key thinker in criminology.
A World Turned Upside Down? poses two overarching questions for the new period opened by the Trump election and the continued growth of right-wing nationalisms. Is there an unwinding of neoliberal globalization taking place, or will globalization continue to deepen, but still deny the free cross-border movement of labor? Would such an unwinding entail an overall shift in power and accumulation to specific regions of the Global South that might overturn the current world order and foster the disintegration of the varied regional blocs that have formed? These questions are addressed through a series of essays that carefully map the national, class, racial, and gender dimensions of the state, capitalism, and progressive forces today. Sober assessment is crucial for the left to gain its political bearings in this trying period and the uncertainties that lie ahead.
The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)
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