Describe the ways by which the savings and loan (S&L) scandals represented collusion between organized crime and legitimate commerce.

Answer these essay questions:

Explain the significance of organized crime’s alliance with politicians and business leaders. Cite specific examples (federal, state or your local community), preferably current ones in the news that are not in the textbook.

Define the specific ways in which politicians can benefit from a partnership with organized crime, and in what ways the reverse is true. Cite one real-life example that has been covered in the news media, including what is perceived to have been gained by each side.

This module talked about Meyer Lansky’s contribution to legitimatizing organized crime and how his involvement enables us to better understand organized crime and the corporate and political alliances. Explain your beliefs about the major influences of Lansky.

Describe the ways by which the savings and loan (S&L) scandals represented collusion between organized crime and legitimate commerce. Provide your solution and its rationale for preventing this from happening in other businesses.