In 2001, Goldman Sachs structured a financial contract to allow the
Greek government to appear to have less debt than it actually did.
Years later, when the Eurozone crisis erupted, Goldman's actions
were seen to be technically legal but the inevitable question of
whether they were ethically wrong arose. In Something for Nothing,
Maureen O'Hara examines the murky moral universe of modern finance
and its foundational technique: arbitrage. Examining key cases,
including the Lehman Brothers' collapse, O'Hara reveals the ways
arbitrage can transgress ethical lines. In its assessment of the
mechanics of markets today and its call for more transparent and
sound financial practices, Something for Nothing powerfully engages
with the moral decision-making inherent in the financial system.
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