Financial Crisis and Consequences
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Financial Crisis and Consequences
What happened during the recent financial crisis and what are the consequences from an ethical point of view
Curated by Alain Londes
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The Man Who Terrifies Wall Street

The Man Who Terrifies Wall Street | Financial Crisis and Consequences | Scoop.it
Jeffrey Toobin profiles the U.S. Attorney Preet Bharara, who has gone after hedge-fund managers like Steven Cohen and corrupt legislators Dean Skelos and Sheldon Silver. Now he is investigating campaign donations solicited by Mayor Bill de Blasio. Who’s next?
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Martin Shkreli: From Biotech Entrepreneur to Accused Criminal

Martin Shkreli: From Biotech Entrepreneur to Accused Criminal | Financial Crisis and Consequences | Scoop.it
Martin Shkreli has gone from being named one of the top young biotech entrepreneurs to being called the “poster boy for drug company greed.” Now, he can add another label: accused white-collar criminal.
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Financial crises

Financial crises | Financial Crisis and Consequences | Scoop.it
A history of finance in five crises, from 1792 to 1929. What can we learn from previous financial crises, and what can be done to prevent the next one? With interactive graphics, video, animations—and a lot of charts
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Accounting scandals: The dozy watchdogs

The Economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them.
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Lying, cheating bankers

Lying, cheating bankers | Financial Crisis and Consequences | Scoop.it
“IF YOU can only be good at one thing, be good at lying…because if you’re good at lying, you’re good at everything.” Thus a wag imagined one investment...
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SAC’s Michael Steinberg Sentenced to 3.5 Years for Insider Trading – To Catch a Trader - FRONTLINE

SAC’s Michael Steinberg Sentenced to 3.5 Years for Insider Trading – To Catch a Trader - FRONTLINE | Financial Crisis and Consequences | Scoop.it
The former SAC Capital trader was sentenced to three-and-a-half years in prison for an insider-trading scheme that allegedly garnered him $1.8 million in illegal profits.
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High-frequency stock trading goes under the microscope

High-frequency stock trading goes under the microscope | Financial Crisis and Consequences | Scoop.it
Defenders fight back hard after 'Flash Boys' takes ultra-fast, computer driven strategies to task
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Stock market rigged, says Michael Lewis in new book

Stock market rigged, says Michael Lewis in new book | Financial Crisis and Consequences | Scoop.it
Michael Lewis' "Flash Boys" reveals how a group of unlikely characters discovered how some high-speed traders work the stock market to their advantage
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After Martoma's Insider Trading Conviction, Will Preet Bharara Finally Go After Steve Cohen?

After Martoma's Insider Trading Conviction, Will Preet Bharara Finally Go After Steve Cohen? | Financial Crisis and Consequences | Scoop.it
Former SAC Capital portfolio manager Mathew Martoma was found guilty of insider trading after failing to settle with federal investigators, netting another victory for US attorney Preet Bharara, putting billionaire Steve Cohen in the spotlight.
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Preet Bharara: Insider Trading Is “Rampant” On Wall Street – To Catch a Trader - FRONTLINE

Preet Bharara: Insider Trading Is “Rampant” On Wall Street – To Catch a Trader - FRONTLINE | Financial Crisis and Consequences | Scoop.it
The man behind one of the government's most aggressive crackdowns on insider trading says his problem is not with hedge funds, but with "institutions that decide to make their business model a criminal one."
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J.P. Morgan to Pay Over $1 Billion to Settle U.S. Criminal Probe Related to Madoff

J.P. Morgan to Pay Over $1 Billion to Settle U.S. Criminal Probe Related to Madoff | Financial Crisis and Consequences | Scoop.it
J.P. Morgan Chase is expected to pay more than $1 billion in penalties to the Justice Department to end a criminal probe into whether it provided adequate warnings about convicted fraud figure Bernard L.
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SAC Capital Agrees to Plead Guilty to Insider Trading

SAC Capital Agrees to Plead Guilty to Insider Trading | Financial Crisis and Consequences | Scoop.it
The hedge fund owned by Steven A. Cohen has agreed to pay a record $1.2 billion penalty, becoming the first large Wall Street firm in a generation to confess to criminal conduct.
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Timeline: Key events in financial crisis

Timeline: Key events in financial crisis | Financial Crisis and Consequences | Scoop.it
A chronology of important dates in the 2007-2009 financial crisis
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Goldman Sachs and Bear Stearns: A Financial-Crisis Mystery Is Solved

Goldman Sachs and Bear Stearns: A Financial-Crisis Mystery Is Solved | Financial Crisis and Consequences | Scoop.it
The source of a crisis-era bombshell on CNBC that helped sink Bear Stearns has been revealed.
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After VW: Ethical business and the question of honesty - The Globe and Mail

After VW: Ethical business and the question of honesty - The Globe and Mail | Financial Crisis and Consequences | Scoop.it
Strong business ethics maximize value over the long term, even if by ‘value’ we mean only the monetary return to shareholders
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Hope for #ethics to prevail in the long run in business.

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Former Enron CFO speaks of convictions, offers business advice

Former Enron CFO speaks of convictions, offers business advice | Financial Crisis and Consequences | Scoop.it
Andrew Fastow, the former chief financial officer of Enron Corp., admitted to the Canadian Society of Corporate Secretaries that he was “always a little surprised” to be invited to speak about ethics to business groups
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5 Takeaways from the Insider-Trading Ruling

5 Takeaways from the Insider-Trading Ruling | Financial Crisis and Consequences | Scoop.it
A federal appeals court in New York overturned two insider-trading convictions on Wednesday, whittling down the scope of the crime and dealing the U.S. attorney’s office in Manhattan a loss in its nearly perfect record in such cases under the leadership of Preet Bharara. The ruling could potentially constrain prosecutors’ latitude to pursue such crimes in the future. Here are five takeaways:
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An Insider Trading Acquittal Hints at New Landscape for Prosecutors – To Catch a Trader - FRONTLINE

An Insider Trading Acquittal Hints at New Landscape for Prosecutors – To Catch a Trader - FRONTLINE | Financial Crisis and Consequences | Scoop.it
Nothing lasts forever. That's the lesson federal prosecutors in New York were reminded of this week when their unbeaten streak in a five-year crackdown on insider trading finally came to an end.
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U.S. close to bringing criminal charges against big banks

U.S. close to bringing criminal charges against big banks | Financial Crisis and Consequences | Scoop.it
Prosecutors seek guilty pleas from European giants Credit Suisse and BNP Paribas in signal to Wall Street that banks must be accountable to actions
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Making competition king – the rise of behavioural economics at the FCA - Financial Conduct Authority

Making competition king – the rise of behavioural economics at the FCA - Financial Conduct Authority | Financial Crisis and Consequences | Scoop.it
Making competition king – the rise of behavioural economics at the FCA
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Money and Morality: Lack of Resources May Lead to Harsher Moral Judgments - Association for Psychological Science

Money and Morality: Lack of Resources May Lead to Harsher Moral Judgments - Association for Psychological Science | Financial Crisis and Consequences | Scoop.it
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Martoma Found Guilty For Historic Insider Trading Scheme – To Catch a Trader - FRONTLINE

Martoma Found Guilty For Historic Insider Trading Scheme  – To Catch a Trader - FRONTLINE | Financial Crisis and Consequences | Scoop.it
Former SAC Capital portfolio Manager Mathew Martoma has been convicted for what may have been "the most lucrative inside tip of all time."
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To Catch a Trader – FRONTLINE

To Catch a Trader – FRONTLINE | Financial Crisis and Consequences | Scoop.it
FRONTLINE goes inside the dramatic, unprecedented hunt that uncovered vast insider trading at Wall Street hedge funds.
Alain Londes's insight:

Documentary with a focus on SAC Capital with observations regarding the wholel industry.

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Madoff prison interview: Thoughts on prison, Fed, more

Madoff prison interview: Thoughts on prison, Fed, more | Financial Crisis and Consequences | Scoop.it
Marking the five-year anniversary of the uncovering of Bernard Madoff’s Ponzi scheme, MarketWatch’s Sital Patel recalls her two-hour meeting in May with the notorious fraudster.
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Never Saw It Coming

Never Saw It Coming | Financial Crisis and Consequences | Scoop.it
The former chair of the U.S. Federal Reserve asks how so many experts, including him, failed to see the 2008 financial crisis approaching.
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