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Wall Street Values

Author

Listed:
  • Santoro,Michael A.
  • Strauss,Ronald J.

Abstract

This timely book answers complex and perplexing questions raised by Wall Street's role in the financial crisis. What are the economic and moral connections between Wall Street and the overall economy? How did we arrive at this point in history where our most powerful financial institutions thwart rather than promote free markets, prosperity and even social cohesion? Can the fractured relationship between Wall Street and Main Street be repaired? Wall Street Values chronicles the transformation of Wall Street's business model from serving clients to proprietary trading and explains how this shift undermined the ethical foundations of the modern financial industry. Michael A. Santoro and Ronald J. Strauss argue that post-millennial Wall Street is not only 'too big to fail' but also a threat to the economy even when it succeeds.

Suggested Citation

  • Santoro,Michael A. & Strauss,Ronald J., 2013. "Wall Street Values," Cambridge Books, Cambridge University Press, number 9781107017351.
    • Handle: RePEc:cup:cbooks:9781107017351
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    Cited by:

    1. David Shichor, 2018. "Thinking About Punishment (or the Lack of it): The Case of the Economic Meltdown," Journal of Business Ethics, Springer, vol. 147(1), pages 185-195, January.
    2. Kelly C. Mullen, 2018. "Evidence Of The Impact Of Leader Statusrelated Behaviors On Organizational Outcomes In Financial Service Firms," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 12(2), pages 15-24.
    3. Lisa Herzog, 2019. "Professional Ethics in Banking and the Logic of “Integrated Situations”: Aligning Responsibilities, Recognition, and Incentives," Journal of Business Ethics, Springer, vol. 156(2), pages 531-543, May.

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