Sociology 2266A/B Lecture Notes - Lecture 1: Abusive Power And Control, Edwin Sutherland, Thorsten Sellin

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Prevalent in societies with diverse value systems and normative. Country of origin: not biological, but social division of the sexes, constructed differences, cultural motifs. Ideology: dominant explanations, usually associated with state or rulers, legal, moral, religious values. Definition of crime was bias: prevailing definition was the legal" one. Not in the criminal code = not a crime. Criminologists: thorsten sellin- famous criminologist, criticized legality, conduct norms more if not equally important. Injury a moral concept: problems with legality, biased towards the law, ignores importance of deviance, ignores construction of law. Persistent unemployment: notion of social harm, criminal and non-criminal events. Allows consideration of nation states and their actions. Case: goldman sachs &co, sec filed civil fraud lawsuit in 2010, sold subprime mortgage securities to international investors. Paulson and co designed collaterized debt obligation (cdo: bonds, mortgages, loans. Paulson thereupon shorted (betting that the stock or the bond will decline in value) cdo.

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