Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Business
Too Big Not To Fail: United States Corporate Media And The 2008 Financial Crisis, Justin Lars Bergh
Too Big Not To Fail: United States Corporate Media And The 2008 Financial Crisis, Justin Lars Bergh
Graduate Theses and Dissertations
This thesis investigates United States newspaper coverage of the 2008 financial crisis, with a particular focus on the debate that took place in press coverage surrounding the proposed 700 billion dollar Troubled Asset Relief Program (TARP). Specifically, this study aims to understand how, when faced with a crisis that threatened hegemony, the state and economic elites, working in and through media, were able to effectively convince the subordinate classes to consent to state intervention aimed at perpetuating a financial system that has historically profited from the relative financial insecurity of the subordinate classes. In order to understand media's role in …
Bailing Out America: An Honors Thesis Addressing The Bailout And Financial Crisis Of 2008, Reuben Cash
Bailing Out America: An Honors Thesis Addressing The Bailout And Financial Crisis Of 2008, Reuben Cash
Honors Theses
This paper analyzes the financial crisis of 2008 and the resulting government intervention of the Troubled Asset Relief Program, or more generally called "the bailout." Beginning with historical context of past interventions, it sets forth an understanding of the economic environment of 2008. After explaining the mechanics of the financial crisis, it proposes that the reinsurance products underlying the financial markets in 2008 were based on unsound accounting and risk management principles. Based on this proposition, the representational faithfulness and fairness of mark-to-market accounting principles are examined. The paper concludes that a short-term financial focus is largely to blame for …