Financial crisis case studies

Hi all

I have Written Assignment ,so I need someone to help me.

As we have read, in 2016 the DOJ and Goldman Sachs reached a settlement related to Goldman’s pre-financial crisis business practices. There are many other settlements and these links will take you to articles that summarize the settlements which involve huge fines and penalties:

https://www.wsj.com/articles/big-banks-paid-110-billionin-mortgage-related-fines-where-did-the-money-go-1457557442 (Links to an external site.)Links to an external site. also see files for copy of the article (Links to an external site.)Links to an external site.

http://money.cnn.com/2016/12/23/investing/banks-fines-mortgages/ (Links to an external site.)Links to an external site.

A noteworthy aspect of the government actions since the financial crisis is that no individuals have gone to prison or even been charged with fraud. In his article included under the Files tab, Judge Rakoff, who presided over the Citigroup settlement, which he initially rejected, writes about these outcomes where no individuals have been charged with fraud:

Two Questions for this final written assignment:

1- What is your reaction to Judge Rakoff’s claims and, whether you agree or disagree, which of Rakoff’s arguments do you think is the strongest, and,

2- Based upon your reading of the settlement between the US Government and Goldman Sachs, your own research on additional settlements if you want (not required), your understanding the idea of “moral moral” hazard, and having read Rakoff’s article: Do you conclude that justice has been served by way of the financial crisis settlements and that the precedents and actions taken are sufficient to foster ethical business practices that protect the public interest in the future?

(900 -1200 words)