Should the authors of the Wall Street Collapse be criminalized Research Paper

Should the authors of the Wall Street Collapse be criminalized - Research Paper Example In the economic crisis of the period of 1990-91, global business organizations have been blamed mainly because of the global meltdown of various economic as well as financial variables. During this time, significant level of legal aspects has been raised all across the globe to encounter the financial problem by providing legal punishments to these financial institutions (Anderson and Jackson, 2005, p. 19). Despite all that legal aspects which has been predominant in the country there has now been known regarding the fraud as well as malfeasance most importantly at the core area of the financial crash. These have also been significantly related to the policy responses till date from the point of view of the government which has offered valuable little reform in the legal as well as economic structure of the country. In various editions of â€Å"The Advocate†, researchers have looked more intimately at some of the related enforcement as well as reform attempts taken by the admi nistration. These enforcements and reforms have been implemented for the purpose of providing the people of the country and also the readers with the point of view of what is being completed, what is not, as well as possibly ‘what ought to be’. In these cover stories – â€Å"Government Goes After Insider Trading, but Where are the Financial Crisis Prosecutions?† – BLB&G associate, Mr. Kristin Meister, has discussed the most significant current indictments as well as convictions of several financial executives who have been caught in the wideranging insider trading mesh. However, raises a significant aspect: â€Å"Does this focal point come at the expenditure of aggressive prosecution of the persons behind the deceit at the heart of the financial fall down?† (Meister et al., 2011, p. 3). Researchers, in this respect have opined that, firm associate, Mr. Joseph Goodman, has taken an intense look at the obstructions that have significantly preve nted the entire implementation of the â€Å"Dodd-Frank financial reform act†. This act has been regarded as the promise of greater level of financial reform aimed at by the supporters of the Dodd-Frank has however to be realized. In regard to the corporate governance memorandum, these researchers have been delighted to reprint a current column by â€Å"The New York Times† stating that â€Å"Deal Professor,† Steven Davidoff, professor at Michael E. Moritz College at Law at The Ohio State University — â€Å"Despite Worries, Serving at the Top Carries Little Risk†. In the part, Professor Davidoff has highlighted the fact that beneficiary effects as well as the comparative drawbacks (although these drawbacks have been detected as very few), for the purpose of serving as the director for the public company. Along with this aspect, Mark Lebovitch, the partner of