Ethically Ambiguous Practices In The Film 'Inside Job'

In the documentary “Inside Job” there are numerous examples of ethically ambiguous practices, one of these practices is passing of the Gram-Leach-Billy act, which overruled the Glass-Steagall Act and allowed for deregulation in investment banking. Deregulation in investment banking meant that investment bankers could do risky investments with peoples money, like investing in Internet stocks. Investment bankers promoted Internet companies that they knew were going to fail, they did this because these analysts were paid on how much business they brought in. The defense they used was that people should not pay attention to the stock analysts who said that these businesses would fail, because everyone was doing it. It is ethically questionable because investment bankers were not interested in the people’s outcome out of all of this risky investments that were going to fail anyways, they were just thinking about how much money investors would get out of all the business they were making. Investment bankers were following egotistic morals by only thinking of their own personal gain and not thinking of the outcome that would come out of

A utilitarian philosophy consists of achieving the greater good for the greater number of people; the problem with this philosophy is that because it is the greater good for the greater number of people, then minorities are disregarded. By using this ethical method investors will actually use their clients money and invest in companies that will give profit. In this case the clients are not the minorities because it is their money that is being invested and it is the investors whose job it is to make them more money, not to loose it. If investors would use this philosophy then they will invest in companies that will give profit to their clients and with more money they can invest more which will help the economy as a