Wall Street values : business ethics and the global financial crisis / Michael A. Santoro, Ronald J. Strauss.

Format:

Book

Author/Creator:

Santoro, Michael A., author.

Strauss, Ronald J., 1955- author.

Language:

English

Subjects (All):

Financial institutions--Moral and ethical aspects--United States.

Financial institutions.

Securities industry--Moral and ethical aspects--United States.

Securities industry.

Business ethics--United States.

Business ethics.

Financial crises--United States.

Financial crises.

Physical Description:

1 online resource (xv, 232 pages) : digital, PDF file(s).

Place of Publication:

Cambridge : Cambridge University Press, 2013.

Language Note:

English

Summary:

This timely book answers complex and perplexing questions raised by Wall Street's role in the financial crisis. What are the economic and moral connections between Wall Street and the overall economy? How did we arrive at this point in history where our most powerful financial institutions thwart rather than promote free markets, prosperity and even social cohesion? Can the fractured relationship between Wall Street and Main Street be repaired? Wall Street Values chronicles the transformation of Wall Street's business model from serving clients to proprietary trading and explains how this shift undermined the ethical foundations of the modern financial industry. Michael A. Santoro and Ronald J. Strauss argue that post-millennial Wall Street is not only 'too big to fail' but also a threat to the economy even when it succeeds.

Contents:

A financial, governmental, and moral crisis

Does Wall Street have any responsibility to society?: Wall Street and economic prosperity

The gathering storm: government missteps and inattentiveness contribute to the financial crisis

From financial services to proprietary trading: the transformation of Wall Street's business model

Secrets and lies: Goldman Sachs and the death of the honest broker

Wall Street regulation for the twenty-first century

Wall Street values for the twenty first century.

Notes:

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Includes bibliographical references and index.

ISBN:

1-139-61039-2

1-107-23526-X

1-139-61225-5

1-139-08410-0

1-139-60879-7

1-139-61597-1

1-139-62527-6

1-283-87049-5

1-139-62155-6

OCLC:

823724288