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In the period after the 2008 financial crisis, how did banks explain their wrongdoing and failure?

What is it about?

After the financial crisis of 2008, public anger was directed against banks. Despite failing and receiving public bailouts, banks were still paying massive bonuses to directors. It also came out that banks had falsified their accounts, taken part in money laundering, and generally failed to act in accordance with ethical standards. This paper looks at whether or not banks apologised for their wrongdoings and failures. It identifies five strategies that the banks used: normalisation, authorisation, rationalisation, moralisation and mythopoesis.

Why is it important?

By critically examining the banks' discourses, we can learn more about how they manipulate public opinion.

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The following have contributed to this page:
Ruth Breeze
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