Description: The U.S. government seems to be coming hard on Wall Street. In a recent judgment, the U.S. justice fined JPMorgan $1.7 billion for failing to inform the authorities over Bernard Madoff’s Ponzi scheme. Source: CBC Date: Jan 10, 2014 Video Link: http://www.cbc.ca/player/News/Business/ID/2429428298/ Questions for Discussion: Should JPMorgan be held responsible and fined… Read more »
Posts Tagged: Control (pp462-466)
Government Motors
In one of the more celebrated government bailouts, General Motors received $58 billion in taxpayer money to stay in business. The auto maker still filed for bankruptcy protection and emerged from that process with the federal government holding a 60 percent stake in the company. Now members of Congress are seizing the opportunity by putting… Read more »
