CRIM 412 Lecture Notes - Lecture 19: International Brotherhood Of Teamsters, Extortion, Mania
Document Summary
A trade in high volumes at prices that are considerably at variance with intrinsic values: speculative bubble, a market bubble, a price bubble, a financial bubble, a speculative mania or a balloon. Portrays bubbles as driven by the behavior of a perennially optimistic market participants (the fools) who buy overvalued assets in anticipation of selling it to other speculators (the greater fools) at a much higher price. In the united states more than 15 million people belong to labor unions. Is the infiltration, domination and use of a union for personal benefit, by illegal, violent and fraudulent means. Examples: sale of strike insurance , sweetheart deals , direct or indirect siphoning of union funds. Leaders of organized crime provided mercenary armies to unions that were willing to use violence to organize workers and thwart strikebreakers. Hotel employees and restaurant employees international union.
