Ethics of Sub-Prime Lending

Spenser Yeager Ethics Final Ethics of Sub-Prime Lending Introduction As a topic for this inquiry paper, I decided to analyze the ethics behind the recent owe crisis in the United States. Banks were approving people for loans very(prenominal) easily, to people they knew would not be able to pay them back. Thus, many an(prenominal) people were buying homes, missing payments, getting foreclosed on, and ruining what ascribe they had. Throughout this paper I intend to show how the practices that the banks were use were unhonorable. I will show who stakeholders were, and analyze them through useful and Kantian standstills. A Utilitarian standpoint weighs the hedons and dolors in a situation. Ultimately it says that the most ethical thing to do is whatsoever is for the greater good. The hedons are people that are positively contacted from a situation, while the dolors are the people that are negatively impacted from a situation. Determining if a situation is ethical or not is decided by assessing the impact on hedons and subtracting them by the impact dolors. According to a Utilitarian standpoint, if the impact to the hedons outweigh that of the dolors, then said practice is ethical.

A Kantian standpoint does not look into consequences like the Utilitarian standpoint; instead it looks at categorical imperatives. According to founder Immanuel Kant, the subtlety or wrongness of actions does not depend on their consequences that on whether they fulfill their duty. A Kantian belief is not based solely on what is for the greater good, but if something is seen as right or wrong to do. A good soul is good because of the intentions that they have, whether enjoyable or not. Background of U.S. mortgage crisis The mortgage crisis in the United States over the past few geezerhood has been a very traumatic experience for many people. During the mortgage crisis, many lenders were not following the normal government guidelines for issuing mortgages. These include... If you want to get a full essay, order it on our website: Ordercustompaper.com

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