“A Good Dose of Outrage”: Financial Trading Fables

Chapter

Abstract

In contrast to the IT industry’s dominant fable of the successful startup, the financial trading industry’s dominant fable almost invariably involves executive and/or corporate wrongdoing, sometimes criminality, with a detrimental impact on society. Financial trading’s corporate nightmare fable is often the result of pure fraud. A close analysis of texts about the Enron bankruptcy and the 2008 financial crisis (the book and movie The Big Short, the documentary Inside Job, and the movie Margin Call) reveals deep ambivalences and tensions regarding recent transformations of the American financial system, its foundational inequities, and the frequently compromised moral agency of the individuals participating in it.

Keywords

Financial derivatives Insider trading Fraud Greed Incentives 

Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.Professor of Strategic ManagementUniversity of TorontoTorontoCanada
  2. 2.Narrative and Innovation IncorporatedTorontoCanada

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