Subprime lending

. Applying the four methods of ethical reasoning (utilitarianism, rights, justice and virtue), do you believe Massey Energy behaved in an ethical manner? Why or why not? Massey Energy did not act in an ethical manner toward rights of workers, justice, virtue or utility. Utilitarianism methods of reasoning wasn’t apparent at Massey Energy because the end result of the business didn’t justify what they were creating as a company. Massey Energy, who is run by Don Blakenship, at the time of the…

The Australian film industry has been around since the late 1800s but it took until 1970s for it to fully start. This is because, during this period, the Australian government started funding feature films through the Film Finance Cooperation. This sparked an era of ‘Comedy Gold’, in which many cult classics such as Crocodile Dundee and The Castle were made, excellent examples of Australians cinema. However, during this period, larger American films swamped the Australian film industry with…

interest rates on loans gave FNMA an advantage that other mortgage companies and banks do not receive. Since the late 1990s, FNMA along with FHLMC have donated over 3 million dollars to members of congress and invested over 400 million dollars in subprime-backed securities.6 This led to the financial crisis of 2008 and the bailout of FNMA and FHLMC. The Mortgage Bankers Association (MBA) lobbied against FNMA. The association does not want the company to have free…

John Allison lays out his plan to fix the world economy, following the financial crisis in 2007, in his book, The Financial Crisis and the Free Market Cure. Allison begins by detailing what he believes to be the cause of the financial crisis. From the very beginning of the book, it is clear he has a very strong conservative bias. The majority of the chapters in his book follow the same format: blame some federal regulatory body, show how those regulatory actions pushed the financial industry to…

The US economy is going through some hard times: low growth, relatively high unemployment (still above 5%), declining competitiveness, massive job cuts in the oil and gas industry (including manufacturing jobs), and growing social inequality. All these problems were so significant, that they were the main topic of Barrack Obama’s "Address to the State of the Union” presented to Congress January 24, 2012. It has also been the focus of the recent Democratic presidential campaign. What is the role…

Owning a home may be the American dream, but many people are dreaming about making money in real estate. We have all read stories about someone that made millions in real estate. The fact is many people are living out their dreams buying ugly houses and then selling them weeks or a few months later - often for beautiful profits. But how are some people able to do this, sometimes even the newbies? Not surprisingly, there are some rules to follow. And the more attention you pay to the rules, the…

Donald Trump is a inspiring well known businessman from Queens, New York. Donald started off with a small loan of a million dollars. He used competency, self motivation, and perseverance to become the man known for saying that he is going to make America great again. Donald is a outgoing person with a vivid personality. He is a family man, he is the father of five children. He has shown resiliency by coming back from several large bankruptcies, and business failures. Donald has come far from…

Warren Buffett once said “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently”. The way it relates to our generation today is that Chris Brown ruined his reputation in a short amount of time. There are a lot of people in the world who has messed up their reputation and as a consequence, they cannot come back from it. Chris Brown is only one of the many people that has messed up their reputation and cannot come back from their…

J.A. Alternative Assignment Sammy Arebalo Texas A&M Corpus Christi ECON-2301.003 December 2015 The great recession can be considered the largest devastation in economic history after the great depression of the late 1920’s and early 1930’s. The great recession was a time period taking place in the late 2000’s, officially lasting from December 2007 to June 2009. The economic decline devastated many leaving many out of job and sending unemployment rates through…

The 1980’s the United States was in terrible shape. This was the worst of the American economy, since the Great Depression. 1980 was a renewed push for capitalism and business. The economy resumed upward. A New York Times article had said that the flushness of money and growth during these years created a drug culture. The film inside jobs talked about how many people were using cocaine and hired hookers since the economy was doing well, but then it crashed. In 1987 the stock market…