Ethical Issues in Business the Thesis

Total Length: 1748 words ( 6 double-spaced pages)

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However, some of the most difficult ethical issues involve speculative homebuyers who did not misrepresent their financial qualifications but who understood enough about the housing market and the direct connection between wide-scale mortgage fraud and its effect on artificial real estate appreciation but chose to profit by "flipping"

homes nevertheless. The actual harm caused by any single person in that fashion is likely impossible to measure; on the other hand, such practices by so many investors collectively were responsible for the eventual collapse of the U.S. housing market in

2007 and much of the resulting damage to the nation's economy (Bhide, 2009; Nocera,

2009).
Only ethical egoism would have allowed such practices; utilitarianism, virtue ethics, and altruism would all have required reporting the rampant business ethics violations in the mortgage, loan, and investment banking industries, even absent specific legal violations......

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