How They Got Away with It: White Collar Criminals and the Financial Meltdown by Susan WillHow They Got Away with It: White Collar Criminals and the Financial Meltdown by Susan Will

How They Got Away with It: White Collar Criminals and the Financial Meltdown

EditorSusan Will, Stephen Handelman, David C. Brotherton

Hardcover | October 30, 2012

Pricing and Purchase Info

$122.46 online 
$124.00 list price
Earn 612 plum® points

Prices and offers may vary in store


In stock online

Ships free on orders over $25

Not available in stores


A team of scholars with backgrounds in criminology, sociology, economics, business, government regulation, and law examine the historical, social, and cultural causes of the 2008 economic crisis. Essays probe the workings of the toxic subprime loan industry, the role of external auditors, the consequences of Wall Street deregulation, the manipulations of alpha hedge fund managers, and the "Ponzi-like" culture of contemporary capitalism. They unravel modern finance's complex schematics and highlight their susceptibility to corruption, fraud, and outright racketeering. They examine the involvement of enablers, including accountants, lawyers, credit rating agencies, and regulatory workers, who failed to protect the public interest and enforce existing checks and balances. While the United States was "ground zero" of the meltdown, the financial crimes of other countries intensified the disaster. Internationally-focused essays consider bad practices in China and the European property markets and draw attention to the far-reaching consequences of transnational money laundering and tax evasion schemes. By approaching the 2008 crisis from the perspective of white collar criminology, contributors build a more general understanding of the collapse and crystallize the multiple human and institutional factors preventing capture of even the worst offenders.

Susan Will is an assistant professor of sociology at John Jay College of Criminal Justice.Stephen Handelman is director of the Center of Media, Crime, and Justice at John Jay College of Criminal Justice. He is the author of Comrade Criminal: Russia's New Mafiya, which was named a New York Times Notable Book of the Year.David C. Brothe...
Title:How They Got Away with It: White Collar Criminals and the Financial MeltdownFormat:HardcoverDimensions:384 pagesPublished:October 30, 2012Publisher:Columbia University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0231156901

ISBN - 13:9780231156905

Look for similar items by category:


Table of Contents



Part I: Roots of the Crisis1. Wall Street: Crime Never SleepsDavid O. Freidrichs2. The Logics of Finance: Abuse of Power and Systemic CrisisSaskia Sassen3. America's Ponzi Culture Susan Will4. Bernie MadoffJock Young

Part II: Enablers of Fraud5. Unaccountable External Auditors and Their Role in the Economic MeltdownGilbert Geis6. And Some with a Fountain Pen: Mortgage Fraud Subprime BubbleHarold C. Barnett7. Generating the Alpha Return: How Ponzi Schemes Lure the Unwary in an Unregulated MarketDavid Shapiro

Part III: Perverted Justice8. The Technological Advantages of Stock Market TradersLaureen Snider9. Why CEOs Are Able to Loot with Impunity-and Why It MattersWilliam K. Black10. The Façade of Enforcement: Goldman Sachs the Politics of BlameJustin O'Brien

Part IV: Perspectives from Afar11. Reappraising Regulation: The Politics of "Regulatory Retreat" in the United KingdomSteve Tombs and David Whyte12. How They Still Try to Get Away with It: Crime in the Dutch Real Estate Sector Before and After the CrisisHans Nelen and Luuk Ritzen13. Economic and Financial Criminality in PortugalRita Faria14. Greece "For Sale": Casino Economy and State-Corporate CrimeSophia Vidali15. Financial Fraud in China: A Structural Examination of Law and Law EnforcementHongming Cheng

Epilogue Can They Still Get Away with It?Appendix A Short (Global) History of Financial MeltdownsCompiled by Alex HoldenContributorsIndex

Editorial Reviews

...this book is a valuable resource for details about the financial crisis.