Shadow Banking, the Subprime Crisis, and Regulatory Gaps
This paper examines the shadow banking system, its role in the subprime mortgage crisis, and failures of regulation within the shadow banking system. The term "shadow banking system" was coined by PIMCO's Paul McCulley in 2007 and refers to a banking system that includes financial intermediaries that are involved in creating credit across the global financial system, whose functions are not subject to regulatory oversight. The question has been debated as to whether shadow banking meets the definition of true banking. Given that the two systems perform similar functions, including credit intermediation and maturity transformation, the two should be considered parallel systems.
Enron Scandal: Ethics, Fraud, and Corporate Collapse
The financial collapse experienced by Enron in 2001 was a result of fraudulent accounting practices developed and implemented by executives within the company. These unethical activities resulted in a select few Executives profiting immensely while debts were being concealed through fraudulent practices. Ultimately, these questionable activities were brought to light, resulting in the largest corporate financial collapse in US history up to that point. Recommendations are made regarding directions that could have been taken by Enron to prevent the outcomes that occurred.
Research Paper
Undergraduate
Antitrust Law and Intellectual Property: Key Remedies
This research paper is concerned with several questions regarding antitrust law and intelectual property law and how the two come together. It is difficult to see the confluence at first, but the two are actually tied together extremely well. This essay, in eight sections, outlines the many different facets of the two sets of law and how they work together to contibute to increased competition.
The USA PATRIOT Act: History, Controversy, and Civil Liberties
In response to the terrorist attacks that occurred on September 11, 2001, Congress passed the U.S.A. Patriot Act, an act that gives federal officials more authority to track and intercept communications, for both law…