Analysis on the Case of Bernard Madoffs Ponzi Scheme
Lavish lifestyle, self-indulgence and arrogance of Americans lead to various mortgage products which induce many financial problems in US society. All the bubbles in housing have been ensued from the financial problems such as crooks of subprime mortgage, loophole of regulations in financial market, credit crunch and so on. Bernard Madoff, the biggest liar in American history, surfaced under the storming of financial crisis. The paper analyzes that the nature of vanity-driven American society is one of the major reasons that Bernard Madoff made off with America for so long.
Tian Shuge Chen Yumei
School of Management in Shanghai University of Engineering Science
国际会议
10th China International Academic Seminar for Universities(第十届中国高校管理暨学术国际研讨会)
北京
英文
17-21
2010-07-17（万方平台首次上网日期，不代表论文的发表时间）