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Question.2547 - Numerous corporate scandals occurred in the decade leading up to the financial crisis that began in 2007 and lasted into 2009. Pick a specific event (e.g., a scandal or a collapse) and analyze the key players (i.e., corporations and regulators) involved. Give a brief overview of the situation, who was involved, what laws/regulations were broken, how it affected people, and whether you felt it was right or wrong and whether the punishment fit the “crime.” Use the specific companies, people, and regulating parties involved. To find a specific event and its details, try the following Google search terms: financial crisis 2008, financial scandals, accounting scandals, or accounting fraud cases. In response to your peers, provide your thoughts regarding how regulators responded to the events they identified and what, if anything, regulators could have done differently before or after the incident.

Answer Below:

One xx the xxxx famous xxxxxxxxx crisis xx the xxxx was xxxxxx Brothers xxxxxxx Lehman xxxxxxxx was xxxxxxxxxx to xx one xx the xxxxxxx investment xx United xxxxxx The xxxxx reason xxxxx lead xx the xxxx of xxxxxx Brothers xxx that xx had xxxx huge xxxxxxxxxx in xxxxxxxxxxx mortgages xxxx the xxxx years xxx the xxxxxx was xxxxxxx when xxxxxxx market xxxxx to xxxxx and xxxx had xx succumb xx they xxx not xxxx sufficient xxxxxxx backup xxx their xxxxx price xxx also xxxxxxxxxx fallingThe xxxx and xxxxxxxxxxx which xxxx broken xx the xxxx was xxxx they xxxxxxxxx approximately xxxxxx billion xx loan xxx camouflaged xxxx as xxxxx The xxxx people xxx were xxxxxxxx in xxx scandal xxxx the xxxxxxxxxx of xxx firm xxx the xxxxxxxx of xxx company xxx were xxxxx amp xxxxx The xxxxxx Brothers xxxxxxx had x major xxxxxx on xxx US xxxxxxx Due xx this xxxxxxx the xxxxx market xxx affected xx a xxxxxx basis xxx U x economy xxx affected xx a xxxx negative xxxxxx Thousands xx people xxxxxxxx in xxxxxxxxx services xxxxxx jobless xx was x huge xxxxxxx for xxx banking xxx financial xxxxxx One xx the xxxxxxxxxxx facts xxxxx this xxxxxxx this xxxx since xx was x private xxxxxxxxxx company xxx government xxxxxxxxxx did xxx have xxx authority xx save xx Even xxx Treasury xxxxxxxxxx did xxx have xxx role xx play xx it xxx organization xxx not xxxx any xxxxxx penalties xxx the xxxxxxx as xxxx though xx was xxxxxxxx the xxxxxxx bankruptcy xx the xxxxxxx of xxxxxx States xxx to xxxx of xxxxxxxx the xxxxxx brothers xxx not xxxx any xxxx of xxxxxxxxxxx In xx opinion xxxx was xxxxxxxxxx wrong xxxxxxx even xxxxx being xxxxxxxxxxxxxxxx due xx concealment xx loans xxxx did xxx face xxx charges xxx to xxxxxxxx in xxx laws xxx regulations xxxx Lehman xxxxxxxx quot xxxxxxxxxxxxxxxx Brothers xxxxxxxxx September xxxx https xxxxxxxxxxxxxxxxxxxxxxxxx com xxxxxxxxx knowledge xxxxxxx lehman-brothers

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