Bernie Madoff and the Crisis: The Public Trial of Capitalism by Colleen P. Eren

By Colleen P. Eren

Bernie Madoff's arrest couldn't have come at a extra darkly poetic second. fiscal upheaval had plunged the US right into a horrid recession. Then, on December eleven, 2008, Madoff's $65 billion Ponzi scheme got here to gentle. A father grew to become in by way of his sons; a son who took his personal existence; one other son death and estranged from his father; a lady on the middle of a storm—Madoff's tale used to be a media magnet, voraciously fed on by way of a justice-seeking public.
Bernie Madoff and the Crisis is going past in simple terms investigative money owed to envision how and why Madoff turned the epicenter of public fury and titillation. Rooting her argument in severe sociology, Colleen P. Eren analyzes media assurance of this landmark case along unique interviews with dozens of reporters and editors fascinated about the reportage, the SEC Director of Public Affairs, and Bernie Madoff himself.
Turning the reflect again onto society, Eren locates Madoff inside a broader reckoning approximately loose marketplace capitalism. She argues that our ideological and cultural trends to characteristic blame to individuals—be they regulators, sufferers, or "monsters" like Madoff—distracts us from extra systemic reviews. Bernie Madoff and the Crisis deals clean perception into the 2008 difficulty, no matter if we now have come to phrases with it, and what we have now but to achieve from the case of the century.

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