Inside the Meltdown Documental; Analysis of 2008 Ethical Issues Ethics is a value that is very necessary for the human being. But it is not only in the personal range that we can practice our ethical conduct in the business world, it leads a series of attitudes and elements crucial to the development of an organization. The practice of corporate ethics withstands its success. The financial crisis that took place between 2008 and 2009 is a perfect example of the effects of an unethical business. The documental Inside the Meltdown, revealing interviews and government hearing from those who contributed to the recession as well as key financial advisors who even foreseen a financial crisis with the way the financial industry was operating. This …show more content…
In the 2008 financial meltdown this value was forgot because the executive leaders weren’t too honest with their investors about the default exchanges they bought. They were concentrated with the self-profitability and their arrogance lead to commit fraud and therefore a global economy crisis. • Leadership- A leader supposed to be a person that seek an ethical role model by their own. The 2008 economy meltdown were a clear result of leadership failures. The leaders forgot the phrase “we serve to our customers” they change it to we serve to our self no matter what and these behaviors poison the global economy. If a leader does not promote good values we don’t have nothing good to expect by their organization. • Accountability- The lack of follow the accounting rules such as, regulation of credit default exchange, transparency for investment funds, or being more meticulous before granting mortgages loans. Accountability in business is Ethical executives acknowledge and accept personal accountability for the ethical quality of their decisions and omissions to themselves, their colleagues, their companies, and their communities. So, the lack of accountability also leads the distrust of the customers and the bankcorrupcy of the