Financial markets are another element in our economy which the government once again has their hands in our pockets. We discuss the stock market, buying and selling stocks in order to make a profit or a loss. If a stock does not do well, the investors will sell in order not to lose
The question we all as taxpayers should be asking is whether or not we will see a good return on our investment. The Democratic proposal is a bit more negotiable since the taxpayers would at least own an equity interest in these companies. However, even that modified plan seems too expensive and way too intrusive. We should consider alternative plans that are not quite as intrusive to market mechanisms such as the Lindt plan. The Paulson plan also seems to signal a dangerous shift away from liberal market mechanisms into an age of neo-mercantilism.
If a company’s internal controls are not working properly customers and investors will be more doubtful and have second thoughts on their investments and money being safe which will lead to having less investor and the stocks will drop. It is very important for companies to have their internal controls up to date and making sure they are working properly because this can cause major setbacks financially. But there are some instances were internal controls cannot even stop unethical behavior from happening such as shoplifting in a shopping mall or even a bank
The offenses are harmful to not only businesses in the United States of America but to the world of business as a whole and are unacceptable. If the law had been in place, many shareholders would have been safeguarded but numerous investors lost their lifetime savings by company insiders. The corporate world is a much more secure place with regards to investing with all of the changes and modifications which are now enforced. I still think there are other actions which can be taken to protect shareholders even though the modifications have significantly improved the procedure. Businesses must develop an ethical balance so as not to take advantage of unknowing shareholders who have invested their lifetime
Along with this feeling of power he might have had a life style that needed a more luxuries accommodation. However, to the surprise of Gonzales himself, the secret service was on point with investigating him, as they might have suspected him of tipping off other criminals the secret service was investigating. Some companies opt not to prosecute white collar criminals simply because it might cost too much to go after a criminal, and it also might be difficult to prove the wrong doing. Some criminals might hide behind the misjudgment theory and battle their way out of court. The problem with not prosecuting white collar criminals is that they might continue to commit their crimes, thus continuously affecting society.
Position and knowledge are equally important and will also determine the size of the fraud. If it fraudster only has access to data entry then the fraud will typically be less than if the CEO is changing sales records. We can easily see what position the person it in, but how do we know if the person has the knowledge to commit a fraud. The person will have to be smart enough to exploit internal control weaknesses and then use position, function and access to the greatest
The problem with this lies in that others may commit fraud or continue to commit fraud because they know the company won’t prosecute. Law enforcement officials could make it a law that companies have to come forward when they are aware of fraud and prosecute the perpetrator. Another thing that can be done, since companies are afraid of this being public, law enforcement can make it more private. If employees know this is implemented, then they will be less likely to commit
Another argument Levitt and Dubner explored are the “Experts”; from criminologists to real estate agents use their info advantage to serve their own agenda”. People might think they are buying the expertise and the experts’ best interest because they are giving them an economic incentive, but what most people don’t realize is that experts manage themselves as business. They try to get the job done fast so they can move on to the next customer, but if it is their own property they might put an extra effort because they can predict when the market is going to be good and they don’t have to rush so they can wait for the best offer. This wasn’t actually a big shock for me but is just another sample of how the real world
But, he knew achieving perfection was impossible, yet he believed trying to achieve moral perfection is what the true American Dream is all about. Gatsby says, “…I carry a little business on the side…you might pick up a nice bit of money. It happens to be a rather confidential sort of thing.” (Fitzgerald, 83) This passage indicates how Gatsby does not earn his money the proper way. His “side-business” refers to his unknown occupation of bootlegging. The reason for Gatsby to participate in this business was to earn a nice amount of cash quickly to purchase glamorous riches, which was all done to attract the attention of Daisy.
It’s like a toxic candy with poison inside but sweet sugar covering outside. Congress may not be able to predict the consequences, or it could have already recognized the negative outcomes but still chose to continue because the results sound good to people. Raising the minimum wage won’t be efficient unless it’s adjusted sufficiently and accordingly to the movement of market wages and inflation (even by doing so, there will be still a number of job losing but that’s unavoidable). Otherwise, nothing but the opportunity of teenagers –the future of the world- will be damaged. Works Cited Frisby, John.