Download Bernie Madoff and the Crisis: The Public Trial of Capitalism by Colleen P. Eren PDF

By Colleen P. Eren

Bernie Madoff's arrest couldn't have come at a extra darkly poetic second. monetary upheaval had plunged the USA right into a horrid recession. Then, on December eleven, 2008, Madoff's $65 billion Ponzi scheme got here to mild. A father became in through his sons; a son who took his personal lifestyles; one other son death and estranged from his father; a girl on the heart of a storm—Madoff's tale was once a media magnet, voraciously ate up by means of a justice-seeking public.
Bernie Madoff and the Crisis is going past basically investigative money owed to envision how and why Madoff grew to become the epicenter of public fury and titillation. Rooting her argument in serious sociology, Colleen P. Eren analyzes media insurance of this landmark case along unique interviews with dozens of newshounds and editors concerned with the reportage, the SEC Director of Public Affairs, and Bernie Madoff himself.
Turning the reflect again onto society, Eren locates Madoff inside a broader reckoning approximately unfastened industry capitalism. She argues that our ideological and cultural trends to characteristic blame to individuals—be they regulators, sufferers, or "monsters" like Madoff—distracts us from extra systemic opinions. Bernie Madoff and the Crisis bargains clean perception into the 2008 quandary, even if we now have come to phrases with it, and what we've got but to realize from the case of the century.

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