Primer on the Subrime Meltdown

http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=true

Define Crime

The words of Gary W. Potter, Professor of Criminal Justice and Police Studies at Eastern Kentucky University, in writing about the savings and loan scandals of the 1980s, illuminates some central premises: “There is precious little difference between those people who society designates as respectable and law abiding and those people society castigates as hoodlums and thugs. The world of corporate finance and corporate capital is as criminogenic and probably more criminogenic than any poverty-wracked slum neighborhood. The distinctions drawn between business, politics, and organized crime are at best artificial and in reality irrelevant. Rather than being dysfunctions, corporate crime, white-collar crime, organized crime, and political corruption are mainstays of American political-economic life.”