Superior Bank & Trust
The thrift financial Institution Superior Bank & Trust is one of the largest. It is located in Chicago and has many branches eighteen of which can be found in the Chicago area. It is owned by one of Chicago's wealthiest families the Pritzkers and Alvin Dworman a well-known real-estate investor from New York. With assets totaling $2.3 billion and deposits of $1.6 billion Superior Bank FSB got caught up in some problems with sub prime loans. This was their main focus. Sub prime lending is lending to people who are poor credit risks. They lend money or issue credit cards at high interest rates. Many companies have prospered using this method but most have gone under due to rising default rates and early prepayments by borrowers who can refinance at lower rates. Superior Bank & Trust's failure was directly related to sub prime lending.
Regulators were believed to have detected problems as early as January 1999. These regulators should have been the ones to step in and notice that things weren't going the way they should have been. Instead Superior's management is bearing the brunt of the blame in this situation. Ellen Seidman states "responsibility for the success or failure of any depository institution rests with its management, directors, and owners." This may be true but if management and financial intermediaries had been performing their tasks properly they would have n...
One year ago, on September 8, 2016 the Consumer Financial Protection Bureau(CFPB), the Los Angeles City Attorney and the Office of the Comptroller of the Currency (OCC) fined Wells Fargo Bank $185 million, alleging that more than 2 million bank accounts or credit cards were opened or applied for without customers' knowledge or permission between May 2011 and July 2015. This essay will discuss the Wells Fargo scandal by explaining how the event happened and describing how the organization approached handling a response to the crisis. This will be seen, firstly by describing the how the scandal happened, and what were the causes, secondly by discussing the reaction of the company in front of the situation, how they dealt with the crisis and then
It took for the losing in the case with two Bear Stearns hedge fund managers for the government to realize that there was a problem within their justice system. If they couldn’t take down two people accused of deceiving investors, how did they assume that they would be able to take down numerous high-end executives within Wall Street? So in fall 2009, over a year after the initial hit of the financial crisis, Obama introduced the Financial Fraud Enforcement Task to oversee prosecution for fraud and financial crime a week before the hearing to discuss ’08 financial crisis prosecution. With such a department now put in place, the government believed they could go back and review the “fraud” that took place within Wall Street years before and place a blame somewhere, revealing another flaw of the US government and justice system. The government wasn’t taking the cases as serious as they should have. They weren’t finding ways to filter through Due Diligence underwriters and they weren’t calling forth whistleblowers. They were losing the case before it could even
Prior to Fuller’s transfer, management at the Carson’s location was poorly run using the classical approach. While this approach can be successful, management has to find a good middle ground between caring for the company and caring about their employees. A traditional classical approach recognizes that there are five important factors to running a successful business (Miller, 19). According to text, these factors are planning, organizing, command, coordination and control (Miller, 19-20). These factors can be seen when you look at Third Bank as a whole. In the study, the CEO saw the issues in his company and put a plan together to improve. He had meetings with management, like fuller, to organize a solution. He then commanded all locations
Much like the Holocaust, the Armenian Genocide involved the use of concentration camps and violations against natural and human rights. Through the methods of destroying the Armenians, many of them were burnt, drowned in the Black Sea, or poisoned. Despite these horrific events, the Armenian Genocide remained as an undiscussed topic worldwide because once a genocide became evident, other nations were expected to step up and help. In a matter of a few years, the Armenian population had decreased by nearly half of their population due to the uncivil acts of displacement, murders, famine, and more. The Armenian Genocide took place because the Turks felt the Armenians were jeopardising their power because their religion conflicted with the nations bordering them, the Armenians were demanding an abundance o...
“To one who has faith, no explanation is necessary. To one without faith, no explanation is possible,” was once said by the Catholic priest Thomas Aquinas. In Nathaniel Hawthorne’s short story “Young Goodman Brown,” Goodman Brown strays from his faith, resulting in a miserable life. At the beginning of the story, he rejects the wishes of his wife, aptly named Faith, to stay home with her. Instead, Goodman Brown goes on a journey with the wicked old man. The man tests Brown’s integrity and character; Brown is unable to stop himself from following the devil, as the devil gives Brown the only faith he has – to follow him. Once Brown sees Faith’s pink ribbons in the forest, he rages. He becomes a wicked man, haunting over everything in the wicked woods. However, Brown later sees Faith at the ceremony, and when he sees her, he snaps back into reality and returns home. Nathaniel Hawthorne, a descendent of the Puritans, uses Goodman Brown’s character to show his disapproval of his ancestors; Brown leaves
Every vampire has some sort of unique ability, which makes him or her stand out to other vampires and shows superior characteristics compared to Dracula. Bram Stoker created the basis for all vampires to come. Stoker created Dracula to be a very dark and evil creature with the ability to shape shift, defy gravity, read minds, turn others into vampires with his blood, and transport (Stoker). Though his abilities are vast, he also has weaknesses that diminish his strength. Dracula cannot go out in the daylight, or he will burn, and though he is immortal, if he is decapitated and staked through the heart he will die. A weakness unique to Dracula is the fact that he has to be near Transylvanian soil in order to rest and regenerate his strength (Stoker). Stoker makes Dracula a mysterious creature in his novel, ...
He considers vampires above humans, but still helps them to suppress vampires that have gone out of control. He has a gorgeous human girl who he turned into vampire n wish of a girl as his subordinate whom he teaches the way of true vampire and train to protect humans. Though both motives and characters of both the vampires are different but the fundamentals powers and weakness are common as they both feed and live on blood. Both Dracula and Alucard are vulnerable to silver and tends to like Darkness and likes to sleep in the day although Alucard is not affected from sunlight. Moreover, there is much power difference between them. Alucard is shown as simply immortal and immensely powerful , so much that he can turn the world upside down and no human can ever dare to harm, but Dracula is not so powerful as Alucard also have the ability to control animals along with higher senses and physical strength but Dracula lacks any special ability. This comes to show that every fiction creates their own version of vampire based on the writer 's
Behaviorism revolves around the measurable and observable characteristics of human behavior, and is based off of the principle that behavior is a result of stimulus-response associations. The purpose of this learning theory is using conditioning in order to acquire a desired behavior. Once understood, the use of behaviorism can be an effective tool in the classroom for educators to use.
At first glance, Dracula is a typical vampire. He gangs all the typical qualities; sucks blood, transforms into a bat, pale with teeth, has no reflection, and is nighttime. In any case, burrowing further we see that Dracula is more than a straightforward vampire in what he speaks to. With regards to the Victorian age, Dracula speaks to the risks of secularism and the takeoff from christian esteems. Vampires have dependably been related with the Fiend, yet Stoker makes it one stride further. Dracula lives in eastern Europe among wanderers, who have dependably been
Operant conditioning is a kind of conditioning, which examines how often a behavior will or occur depending on the effects of the behavior (King, 2016, pg. ). The words positive and negative are used to apply more significance to the words reinforcement or punishment. Positive is adding to the stimulus, while negative is removing from the stimulus (King, 2016). For instance, with positive reinforcement, there is the addition of a factor to increase the number of times that the behavior occurs (King, 2016). An example of positive reinforcement is when a child is given an allowance for completing their household chores. The positive reinforcement is the allowance which helps to increase the behavior of doing chores at home. In contrast with negative
The similarities between the two novels are namely Gothic imagery and theme, but the Gothic mood predominates in Dracula over Twilight and it is this difference that makes Twilight not belong in the vampire canon. Horror is the element that Dracula possesses that Edward does not, and it is crucial in the interplay between transgression and limit. So what makes Dracula monstrous and Edward not? Broadly, Dracula is distancing himself from human form while Edward progresses toward human form.
Bela Lugosi set the standard for the original vampire in the 1931 production of Dracula. He slept in a coffin, wore a long black cape, came out at night, and fed on humans. Vampires have always been seen as terrifying and what we see in our nightmares. It was not until Twilight that people saw the vampire as someone they wanted to know and even fall for. Most of the changes were brought to light by the author Anne Rice with her books Interview with a Vampire and the Vampire Lestat. Anne Rice gave the vampire the ability to go out in sunlight, showed that they were attracted to each other, and introduced the vampire vegetarian.
... middle of paper ... ... The forced liquidation of some $3 trillion in private label structured assets has been deprived from the financial markets and the U.S. economy has obtained a vast amount of liquidity that the banking system simply cannot restore. It is not as easy to just assign blame within these cases, however it is noted that the credit rating agencies unethical decisions practices helped add onto the financial crisis of 2008 and took into account the company’s well-being before any other stakeholders.
In particular, the discussion about the difficulties working parents with children face made me consider role conflict and role strain. When I read this article, it made me think about role conflict because this concept “arises among roles linked to separate statuses”, which is often the issue faced by professional women who are also in caregiving positions. A role conflict is when a person is expected to fulfill the duties of two contradictory positions. Role conflict seems unavoidable in modern day society with how many roles people now have to take on to thrive. Whereas role conflict requires two roles, role strain refers to “tension among the roles connected to a single status”. Many people may have trouble separating their work life from their home life, as often occurs with those who work from home. For those with children, it can often be difficult to completely separate their two roles. When one cannot meet all the demands of a position, "role strain" exists. For working parents, this means the introduction of a new position in their life (of parent), suddenly requiring them to juggle work and parenthood. Despite this dramatic life change, no adjustment is made in the expectations for performance at work, resulting in greater role strain. The concepts of role conflict and role strain can be used to help expand on the issues discussed through analyzing the sociological impact
The unions also blame fiasco because the decision to outsource much of the company IT source. The error that happen also came after the software being updated froze part of the bank computer system lost on that particular day. The day that this problem occur was in the Wednesday. The system is being recovery and the problem is solved on the Monday.