lecture 3, soc 149

Lecture 3 soc 149 - Explanations of White Collar/Organizational Crime Structural Theories Institutional conditions produce opportunities for White

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Explanations of White Collar/Organizational Crime: Structural Theories Institutional conditions produce opportunities for White Collar Crime Federal Reserve using interest rates to support stock market Creates environment in which higher risks are supported Encourages development of riskier strategies Long term capital?
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Dot.com; Y2K; and the “New” Economy Structural Conditions further accelerate the acceptability of risk Stock prices rise on idea of new economy No bricks and mortar needed Web site, just in time delivery; warehouses; shipping companies So much cheaper, profit margins will rise, BUT: Losses pile up on losses, and stock price rises Stock used to pay employees Fancy sites for executives; group events; trips;
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Impact of money Federal Reserve increases money supply dramatically Asset support Y2K Big hype, so Fed increases money in anticipation of big problems with technology Real impact was technology upgrades
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This note was uploaded on 10/16/2010 for the course SOC 149 taught by Professor Parker during the Spring '10 term at UC Riverside.

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Lecture 3 soc 149 - Explanations of White Collar/Organizational Crime Structural Theories Institutional conditions produce opportunities for White

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