Wall Street Values

Business Ethics and the Global Financial Crisis

Michael A. Santoro, Ronald J. Strauss

• Publisher: Cambridge University Press
• Year: 2012
• Print ISBN: 9781107017351
• eBook ISBN: 9781139603522
• Topic: Business
• Subtopic: Business Ethics
• Index: Business

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.

Table of contents

• Cover
• cover_blank.pdf
• Wall Street Values
• Title
• Copyright
• Contents
• Acknowledgments
• Preface
• — D Part one D — Background and Theoretical Framework
• — D Part two D — Wall Street Business Model, Regulation, and Values in Transition
• — D Part three D — Policy Recommendations and Sustainable Values for Wall Street in the Twenty-First Century
• Notes
• Index