class discussion 62

I need a good response for the article below with 150 words

The first article to go through is Inside Job. From the article, there is the ability to recognize that there were cases of misconduct in the financial environment from as early back as the 1980s. This was an era that had a lot of changes in the financial environment, and this is especially because people had started believing in banks and consequently had put in a lot of their money. However, the article identifies that there were a series of processes that saw people lose their investments. “They were easy targets for the fast-talking high rollers” (Pizzo, Fricker & Muolo, 2015, pg 41).

The information presented in the article is similar to what an article, Individual Accountability for Corporate Wrongdoing offers where the latter states that there has been an increase in the amount of corporate fraud taking place in the current environment. According to the article, “Fighting Corporate fraud and other misconduct is a top priority of the Department of Justice” (Elberg & Goldstein, 2016, pg 1). The manner through which the department does this is by ensuring that the individuals accountable for the wrongdoing admit the wrongdoing. Through this, there is the assurance of punishment.

An article that reflects what the other two have outlined is Justice Department Sets Sights on Wall Street Executives. According to the article, individuals who work for executives in Wall Street ought to ensure that they offer information on their bosses to ensure transparency. The individuals were blamed by having the statement, “Corporations can only commit crimes through flesh-and-blood people” which was a quote made by Sally Yates and outlined in the article (Apuzzo & Protess, 2015, pg 1). All the articles are similar for they discuss financial accountability. However, the Inside Job article talks more about the accountability of the institution rather than the individual.

 

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