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Bernie Madoff and the crisis : the public trial of capitalism

Author: Colleen P Eren
Publisher: Stanford, California : Standford Business Books, an Imprint of Stanford University Press, [2017]
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
Bernie Madoff's arrest could not have come at a more darkly poetic moment. Economic upheaval had plunged America into a horrid recession. Then, on December 11, 2008, Madoff's $65 billion Ponzi scheme came to light. A father turned in by his sons; a son who took his own life; another son dying and estranged from his father; a woman at the center of a storm--Madoff's story was a media magnet, voraciously consumed by a  Read more...
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Additional Physical Format: Online version:
Eren, Colleen P.
Bernie Madoff and the crisis.
Stanford, California : Stanford University Press, 2017
(DLC) 2016057613
Named Person: Bernard L Madoff; Bernard L Madoff
Document Type: Book
All Authors / Contributors: Colleen P Eren
ISBN: 9780804795586 0804795584 9781503602724 1503602729
OCLC Number: 966274733
Description: viii, 210 pages ; 24 cm
Contents: A crisis in search of a villain --
Out of the business section, into the front pages --
Sleeping watchdogs : blaming the regulators --
It's how you're rich that matters : narratives of the haves, have nots, and have lots --
Boil him in oil : cracking down on Wall Street through Madoff --
The more things change, the more they remain the same?
Responsibility: Colleen P. Eren.

Abstract:

Bernie Madoff's arrest could not have come at a more darkly poetic moment. Economic upheaval had plunged America into a horrid recession. Then, on December 11, 2008, Madoff's $65 billion Ponzi scheme came to light. A father turned in by his sons; a son who took his own life; another son dying and estranged from his father; a woman at the center of a storm--Madoff's story was a media magnet, voraciously consumed by a justice-seeking public. Bernie Madoff and the Crisis goes beyond purely investigative accounts to examine how and why Madoff became the epicenter of public fury and titillation. Rooting her argument in critical sociology, Colleen P. Eren analyzes media coverage of this landmark case alongside original interviews with dozens of journalists and editors involved in the reportage, the SEC Director of Public Affairs, and Bernie Madoff himself. Turning the mirror back onto society, Eren locates Madoff within a broader reckoning about free market capitalism. She argues that our ideological and cultural tendencies to attribute blame to individuals--be they regulators, victims, or "monsters" like Madoff--distracts us from more systemic critiques. Bernie Madoff and the Crisis offers fresh insight into the 2008 crisis, whether we have come to terms with it, and what we have yet to gain from the case of the century -- Provided by publisher.

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"Eren crafts a narrative of Bernie Madoff's crimes as a sweeping comment on our society at large, which created and upheld the kill-or-be-killed finance ethos, and thereby produced the twenty-first Read more...

 
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