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Ethically Ambiguous Practices In The Film 'Inside Job'

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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 …show more content…

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

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Therefore, this form of utilitarianism highlights that the most important is the happiness of everyone and not the happiness of any particular person. In order to explain this assertion, for example, take Hitler, if he has had conquered the Europe it would be a very good place to live for those who are Aryans, yet it would be terrifying for other people. It is make some suffer to make others prosper. I think correctly, that principles of this sort can have some pretty awful results because sometimes the greatest happiness of the greatest number involved disregarding the interests of a minority, even to the point of enslaving them or killing them This isn't the only objection to utilitarianism, but it’s an important and I believe a fatal

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Executive Summary Lehman Brothers were an investment bank involved in transactions worth billions of dollars and one of the most powerful investment banks in the world. Lehman Brothers collapsed in 2008 following bad investment in the sub-prime mortgage market and used bad accounting practices called Repo 105 transactions to try and cover up the bad assets. This report sets out the use of the fraud triangle when describing the actions which led to the collapse. The pressure applied on the bank, the opportunity due to the lack of regulation to carry out the actions and the ability of the bank to rationalise their decision making.

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As a company having more than a hundred year history, Goldman Sachs have already developed a well-written ethics code in 2006. Two of the main business principles in the ethics code are “Our clients’ interests always come first” and “Our goal is to provide superior returns to our shareholders”, which shows that Goldman Sachs’s shareholders not only care about how much money they made, but also try to provide its clients superiors service. To fulfill the lawful duty for the shareholders, Goldman Sachs can buy insurance policy to bet against housing market to generate a huge return to its shareholders, but how can they provide great services and products to its clients since Goldman Sachs already know its clients will potentially all lose money

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Utilitarian philosophers argue that the wealthy in the world are compelled to end poverty by donating their excess wealth to charity. Furthermore, those donating should give their money to the charities that would do the most with the wealth given in order to do the most good that is possible. Again, utilitarianism would endorse this position because more people would benefit from receiving help than those who are

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