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How Did Deregulation and Lax Enforcement Contribute to the Bernie

question 47

Short Answer

How did deregulation and lax enforcement contribute to the Bernie Madoff Ponzi scheme?


Definitions:

Relies

Depends on or trusts in someone or something for support, help, or maintenance.

Dependency

The state of relying on or being controlled by someone or something else for support, resources, or decision-making.

Authoritative Directions

Instructions or orders given by someone in a position of power that are expected to be followed without question.

Expert Power

A form of influence derived from possessing specialized knowledge or expertise.

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