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| controllers of political, economical, and military |
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| Interlocking directorate (Mills) |
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| guy sits on a board for more than one company. |
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| society in which prosperity and bureaucracy have weakened traditional social ties." |
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| Policy Planning Network (Dom) |
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| The upper class influence this primarily through the policy formation process: the means by which general policies of interest to the ruling class as a whole are developed and implemented. |
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| ability to cause unseen effects on others. |
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| Wealthy hire experts to find results that support wealthy people. |
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| Wealthy people use these to fund think tanks. |
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| conservative group of chief executive officers of major U.S. corporations formed to promote pro-business public policy |
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| the shift from a manufacturing base to a service based economy |
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| New liberalism.expand markets, reduce government, reduce taxes |
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| standards for working conditions. |
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| airway people got fired. he talked about this. |
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| Designed to fairly solve disputes between workers and businesses. during u-turn, pro-business people were elected. |
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| Corporate Political embeddedness: Making activities legal that were previously illegal. think endogenous institutions. |
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| Made political contributions to corporations illegal. |
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| an organization that raises money privately to influence elections or legislation, especially at the federal level. |
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| Federal Election Commission |
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| regulate the campaign finance legislation in the United States. |
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| Economic recovery tax act of 1981 |
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| Reagan tax cuts. Helped businesses and the wealthy. also reduced social programs and reduced social and economic regulation. |
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Definition
| contract between two parties in which the stock option buyer (holder) purchases the right (but not the obligation) to buy/sell 100 shares of an underlying stock at a predetermined price from/to the option seller (writer) within a fixed period of time. |
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| fuck, dude, i don't know. |
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| second reagan tax cut. broadened tax base, eliminated tax shelters, and simplified tax base into three classes. |
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| Multilayer subsidiary form. Details are honestly kinda sketchy. |
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Definition
| create opportunities to engage in financial malfeasance |
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| federal law enacted in the United States to control the ways that financial institutions deal with the private information of individuals. |
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| prohibits commercial banks from engaging in the investment business. It was enacted as an emergency response to the failure of nearly 5,000 banks during the Great Depression. |
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| Commodity Futures Modernization Act of 2000 |
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Definition
| officially ensured modernized regulation of financial products known as over-the-counter derivatives. |
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Term
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Definition
| Loophole in the Commodity Futures Modernization Act of 2000 exempted many high-risk derivative trades from regulation |
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| culmination of financial crisis of 2008 and subprime mortgage crisis of 2007 |
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| accountants entered deficits as surpluses. this information resulted in enron's subsidiary actually losing money. |
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type of loan granted to individuals with poor credit histories
mom talked about this. |
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| security with a price that is dependent upon or derived from one or more underlying assets. The derivative itself is a contract between two or more parties based upon the asset or assets. |
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| Troubled Asset Relief Program |
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Definition
| program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector |
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| income coming from interest payments, dividends, capital gains collected upon the sale of a security or other assets, and any other profit that is made through an investment vehicle |
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| economic/financial capital |
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Definition
| economic resource measured in terms of money used by entrepreneurs and businesses to buy what they need to make their products |
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Definition
| non-financial social assets that promote social mobility beyond economic means |
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| attainment of skills, knowledge, and expertise people acquire |
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| mutual obligations embodied in social networks such as kinship, friendship, and group membership. |
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