Perspective
Dec. 8, 2010
The Irrepressible Urge to Find Scapegoats
The urge to play the blame game during this financial crisis is part of a repetitive cycle inherent in a capitalistic world. By Stuart Gasner of Keker & Van Nest.
It has been a little over two years since Lehman Brothers declared bankruptcy, and so far no "iconic" white-collar prosecution has emerged from the scores of investigations underway all over the country. That actually makes a lot of sense: the collapse of the U.S. housing market (and with it the collapse of an intricate web of financial instruments based largely on mortgages) caught much of the world by surprise. This is not fertile gro...
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