Bernard Madoff : A Scapegoat of the Economic Crisis - Assignment Example

We just knew that we wanted to sustain these levels of economic vigor and personal high net worth, regardless of our brokers' ethics and methodologies to achieve such lofty economic and financial goals.... That was before Bernie madoff turned himself in to his sons, with an ensuing public admission to a $50 billion Ponzi scheme that left many investors, including a handful of mostly Jewish charities, holding the bag and losing their life savings....

The four people present are Adam Smith, Milton Friedman, bernard madoff, and Kenneth Lay.... The second person I started to talk to at the party was bernard madoff.... Once upon a time bernard madoff was in charge of what seemed to be one of the most successful investment funds in the industry.... In reality bernard madoff was not investing any of the money he was receiving from investors.... bernard madoff was running a $50 billion ponzi scheme....

In a Manhattan court, Peter Madoff confessed among other crimes that he had faked documents and lied to regulators, which helped his elder brother bernard madoff to perpetuate the biggest of all investment frauds.... Madoff Investment Securities LLC investment firm owned by bernard madoff.... The research paper “madoff's Fraud Case” seeks to evaluate fraud cases, which are not a rare spectacle in Wall Street courts.... While some of these cases go unnoticed, cases involving big names such as madoff, the cases raise eyebrows and makes headlines....

It is imperative to understand then that economic development ultimately leads to human development.... We, as an economic force, utilize, and perhaps to some extent, exploit the environment and its resources.... There is a critical error in the assumption of the writer that we are all Madoffs simply because of “modern civilization's exploitation of the natural environment” (Barash): The difference lies in the fact that madoff has been exploiting other men for his own benefit....

Bernie madoff, a former chairman of the NASDAQ stock market, investment advisor, and stock broker, was incarcerated in 2009 for illegal business practices.... The many crimes he pleaded guilty to had negative effects on several parties, including private investors, investment… The use of business safeguards such may have prevented some of the negative impacts of madoff's business practices; and use of good business and investment practices may have prevented much of the losses experienced by private investors....

He is then accused of crime and people including Jim who was using him takes Edward as a scapegoat.... Scapegoating is evident in the case of a crisis in the community.... Scapegoating is evident in the case of a crisis in the community.... In most instances, people whom the community treat with little respect are taken as scapegoats in the event of a crisis.... In most instances, people whom the community treat with little respect… For this reason, what are the scapegoat qualities found in the movie "Edward Scissor Hand"? The film shows an artificial being, Edward, having scissors for his hands....

Except in the section of the… ok Stereotypes of Persecution in the book entitled The scapegoat where many of the concepts are universal such as concept of persecution, many of our point of views may not reconcile with the prevailing view of the west.... Writing about scapegoating from the perspective of an Arab studying in the United States might not sit well in the popular narratives of west since our narrative about the topic is different and could even be diametrically opposed from each other....

In brief, the phenomenon of scapegoating is about blaming a certain person for certain disasters.... Moreover, person should be probably innocent and predisposed for persecution.... And thus, by… Such behavior ends up creating another one literary cliché.... The narrator himself becomes biased and untrustworthy, blames a random person for the things, that the person probably was not Such story elements can easily be recognized through the variety of features....