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Write a 1 page essay on Choose one from the document that i uploaded.The recently established Securities and Exchange Commission has already charged more than a hundred culprits in crisis related case
Write a 1 page essay on Choose one from the document that i uploaded.
The recently established Securities and Exchange Commission has already charged more than a hundred culprits in crisis related cases as of July 18 this year. The federal law enforcers focus mainly on placing civil charges instead of criminal penalties against senior executive officials from the Wall Street business organizations.
In the process of seeking justice in the United States economy, the federal law enforcers were forced to carry out in depth investigations in the American financial industry. Currently their mandate is to assess the current policies and modify the set of orders. The clock is quickly ticking and the law enforces have no other role rather than to finally make sure justice is attained in the American economy (Kuttner 243).
According to the report written by Williams, it is evident that during the economic crisis, individuals vandalized the economic stability through fraud. According to the report which was featured by the Reuters and the Bloomberg, rigging was done on the LIBOR, i.e. the London interbank offered rate. This had a major repercussion on the returns that the banks were to make and in turn, the amount that was to go to the state. So much rigging would obviously be reflected in the state’s economic balance. Additionally, corruption and impunity masked the entire process since traces to the lost money
