Question.2547 - Numerous corporate scandals occurred in the decade leading up to the financial crisis that began in 2007 and lasted into 2009. Pick a specific event (e.g., a scandal or a collapse) and analyze the key players (i.e., corporations and regulators) involved. Give a brief overview of the situation, who was involved, what laws/regulations were broken, how it affected people, and whether you felt it was right or wrong and whether the punishment fit the “crime.” Use the specific companies, people, and regulating parties involved. To find a specific event and its details, try the following Google search terms: financial crisis 2008, financial scandals, accounting scandals, or accounting fraud cases. In response to your peers, provide your thoughts regarding how regulators responded to the events they identified and what, if anything, regulators could have done differently before or after the incident.
Answer Below:
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