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In the wake of the Great Recession of 2007-2008, millions of hardworking Americans lost their jobs and their homes, their retirements, and their income. However, the corporations that caused the Great Recession lost nothing and were, in fact, given trillions of dollars by the government in an unprecedented financial bailout. While over 16 trillion dollars went missing, not a single Wall Street executive was punished or even charged with a crime. This book chronicles some of the government and business frauds carried out throughout US history. These swindles were carried out by such “Founders” as Alexander Hamilton, George Washington, James Madison and Thomas Jefferson. Corruption was also at the core of the Andrew Jackson administration and played a key role in perpetrating the Panic of 1837, and government and business fraud was rampant in the construction of both the transcontinental railroad and the Panama Canal. Court rulings granting corporations the status of “legal personage” were part of a broader scam that extended greater constitutional and legal protections to corporations while denying Blacks and workers their own constitutional and legal rights. Government and business frauds of the 1920s played a prominent role in spawning the Great Depression of 1929, while funding and provisioning the US military has always been inundated with a wide variety of scams. In the early 1990s, government and business scams resulted in the collapse of the savings and loan industry, while the frauds of the early 21st century resulted in the Great Recession of 2007-2008. Today, all of the factors are in place to lead to yet another depression/recession which will be followed inevitably by a massive government bailout of banks and corporations.
Profit Without Honor: White-Collar Crime and the Looting of America seeks to elucidate a very broad subject: white-collar crime. How broad? Its domain stretches from the small price-gouging merchant to the huge price-fixing cartel. It can breed in an antiseptic hospital or a toxic dump. It is at home on Main Street, Wall Street, Madison Avenue, and countless other addresses - including, at times, 1600 Pennsylvania Avenue.
Economists broadly define financial asset price bubbles as episodes in which prices rise with notable rapidity and depart from historically established asset valuation multiples and relationships. Financial economists have for decades attempted to study and interpret bubbles through the prisms of rational expectations, efficient markets, equilibrium, arbitrage, and capital asset pricing models, but they have not made much if any progress toward a consistent and reliable theory that explains how and why bubbles (and crashes) evolve and are defined, measured, and compared. This book develops a new and different approach that is based on the central notion that bubbles and crashes reflect urgent short-side rationing, which means that, as such extreme conditions unfold, considerations of quantities owned or not owned begin to displace considerations of price.
This story is about Anu and her love..How she who fights the odds, fights the world,and ends up fighting wit love.. Who in Anu?Who is she? The people define her by the clothes not by her heart. She is the one who has to fight with the world everyday as they define her character by the length of her dress.. She is suppose to be weak being.. But no one realises she s the toughest being who goes through all the odds of life with a smile on her face She.. Is the one who has to bear the eyes of cruelty... The cheap talks.. She..Sometimes s just object of pleasure.. Which was never true but still its the thought people live with.. Yes the truth of life is bitter but.. Time has come to change.. Coz.. She s the one.. who loves u..Who cares for u.. Who leaves her dreams to be part of yr dreams.. Who sacrifices her lifes to make yr life.. YES... SHE...... She is the one.. Who deserve our respect.... love and care.......
For more than two hundred years a debate has raged between those who believe that jurists should follow the original intentions of the Founding Fathers and those who argue that the Constitution is a living document subject to interpretation by each succeeding generation. The controversy has flared anew in our own time as a facet of the battle between conservatives and liberals. In Original Intent and the Framers' Constitution, the distinguished constitutional scholar Leonard Levy cuts through the Gordian Knot of claim and counterclaim with an argument that is clear, logical, and compelling. Rejecting the views of both left and right, he evaluates the doctrine of "original intent" by examining the sources of constitutional law and landmark cases. Finally, he finds no evidence for grounding the law in original intent. Judicial activism—the constant reinterpretation of the Constitution—he sees as inevitable.
It revives the powerful emotions first evoked by these events, while providing new insight into how they have changed our nation and our times."--BOOK JACKET.