CC212 Lecture Notes - Lecture 4: United States Treasury Security, Mci Inc., Mutual Fund
Document Summary
No one wants to talk about how much money they have/ how much money they make. Has direct and indirect affects: theft- internet base crime, embezzlement- stealing from your own company, bribery- ponz scheme, mortgage base crime, credit card fraud, money wandering- switching banks. William bennett: the book of virtues (1993: people in the west, market economy, opportunities create wcc and morals west, the cheating culture we have in the western culture. Sports, relationships, tests: peoples morals will change, of what is right and wrong, street base crime. Stock markets are opportunity to express and gratify desires (greed, profit, earnings: desires that you need/ want more, mutual fund, rules of right and wrong and ethical. Bernie ebbers (worldcom) and john riga (aldelphia: ebbers- used to lead sunday school then monday he would go back committing. Due to government deregulation of financial sector: they know what to invest in stockbrokers.
