Money Power And Wall Street

1. and 2. Throughout a four part series, “Money, Power and Wall Street” explores in great detail the irresponsible behavior of financial institutions before, during and after the Great Recession. This insightful series explains the pitfalls of the credit default swap scheme and the ethically dubious actions of risk trading taken by bankers. Chapter one of the textbook parallels and fully contextualizes the ethical dilemmas addressed in “Money, Power and Wall Street”. Week two’s material has reinforced my belief that business operates at it’s most ethically sound and profitable when responsible regulations are complemented with thoughtful business people. As the textbook states, “A firm’s ethical reputation can provide a competitive edge in the marketplace with customers, suppliers, and employers.”(Business Ethics, p.8) The documentary strongly enforces this …show more content…
Also, it helped build their ethical credibility. Another particularly striking quote from the readings can be found in the article “The MBA Oath Help Remind Graduates of Their Ethical Obligations” by Chris MacDonald. MacDonald argues for the MBA oath and the importance of importance of incorporating ethical behavior beyond the classroom stating the MBA oath “…Pledges, among other things, to “contribute to the well-being of society” and to “create sustainable economic, social and environmental prosperity worldwide.”(Business Ethics p.34) Clearly, these ideals are important for anyone in business, but especially for individuals whom attain MBAs, because they are more likely to hold positions of higher authority. These sentiments are keenly reinforced in the last section of Part One of the film series, during the examination of Georgia’s decimated housing market. In the aftermath of the financial crash, Georgia’s neighborhoods experienced unprecedented