9781107017351

Wall Street Values: Business Ethics and the Global Financial Crisis

by ;
  • ISBN13:

    9781107017351

  • ISBN10:

    1107017351

  • Format: Hardcover
  • Copyright: 12/17/2012
  • Publisher: Cambridge Univ Pr

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Supplemental Materials

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  • The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.
  • The Used and Rental copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

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.

Table of Contents

Financial Crisis Background and Theoretical Framework
A financial, governmental, and moral crisis
Does Wall Street have any responsibility to society?: Wall Street and economic prosperity
Wall Street Business Model, Regulation, and Values in Transition
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
Policy Recommendations and Sustainable Values for Wall Street in the 21st Century
Wall Street regulation for the 21st century
Wall Street values for the 21st century
Table of Contents provided by Publisher. All Rights Reserved.

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