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Based on the book Friedrichs, David O. (2010). Trusted Criminals: White Collar Crime in Contemporary Society (4th Edition). Belmont, CA: Thomson/Wadsworth
(ISBN-13: 99780495600824) The final exam consists of three essay questions listed as below: Q1. Identify one (and only one) plot in the financial world being
described in the book (McDonald & Robinson described varied plots that had no differences from gambling, such as Credit Default Swap, Collateralized Debt
Obligation, Residential Mortgage-Backed Securities, and Shadow Banks). According to the text from Chapters 3 to 7, what type of white collar crime is this
plot? Why? How? Q2. According to the text Chapter 8, how could this plot be explained? Q3. How could this plot be prevented at first?
Sample Solution
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