Create a 2 pages page paper that discusses ethic. Law Paper Movie Review 600 words It is films such as “Inside Job” directed by Charles Ferguson that remind investors, traders or any other consumers that power, influence and money will always kill the moral system. This is particularly true because Ferguson explores why some of the financial executives at the top of the financial chain are never jailed even when they are the contributors of America’s worst economic problems. In the documentary, the actions of the top executives from various companies, academic economists, federal regulators and bankers were mostly to blame for the collapse of the markets and a paralyzed financial system which eventually led to loss of jobs and savings.
From the film, the bankers acted in a questionable manner because of how they sold the mortgages. A lot of people with experience in the financial companies were interviewed such as top executives such as Raghuram Rajan, Dominique Strauss-Khan and Glenn Hubbard (Ferguson). The bankers provided the consumers with credit despite knowing that some consumers had low credit scores. 20 or 30 years ago, banks would tell consumers who could not afford to buy mortgages that they would not get loans. However, in the film it is clear that such kind of advice is not taken cautiously because the bankers allowed the consumers to buy houses that they could not afford. In another scene, viewers can see that the people who could not afford the mortgages were now living in tents and jobless.
The actions of the federal regulators, economic academics and politicians were well captured showing that they did not do anything that would help in regulating the finances. In one of the scenes, one of the interviewee indicates that there was a continued deregulation of finances and “they knew what was happening” (Ferguson). In addition, most of the people in these groups are noted in some scenes to be paid excessively. For example, in one of the scenes, when the narrator Matt Damon asks what he thought of wall-street incomes, the interviewee said it as an excessive amount. There were those who earned as much as $485 million and 80 million (Ferguson).
All the parties mentioned above relied on the moral philosophy of ethical relativism to justify their actions. In ethical relativism a person holds the view that there is no moral right or a moral wrong. Therefore, the person believes that he or she should act in their own interest. In this light, it is not difficult to see why the employees and employers in the wall-street financial companies decided to self-regulate themselves. In one of the film Damon explains how the financial service industry started by buying ordinary mortgages from some of the local institutions. The companies in the financial service industry later repackaged them into collateral debt obligations (CDOs) with the belief that this was not wrong.
Perhaps the only two moral philosophies that might have prompted the mentioned parties to act differently would have been the philosophies of duty of care and deontology. Duty to care is a moral philosophy which holds that caring is a global attribute among humans (Class notes). If all the people shown in the film believed that it was their duty to care about the state of the economy, millions of people would not have lost their jobs and houses. Under this philosophy, the assumption is that everyone has the impulse to care. Deontology or duty-based ethics holds that people are morally obligated to follow certain rules, despite the outcomes (Class notes). If the parties acted under this philosophy, they would have felt obligated not to lie and cheat the public.
Ferguson, Charles, dir. Inside Job. Representational Pictures, 2010. Film. Web. .
Class notes. Introduction to Business Law: BSL 212.
We value our clients. For this reason, we ensure that each paper is written carefully as per the instructions provided by the client. Our editing team also checks all the papers to ensure that they have been completed as per the expectations.
Over the years, our Written Assignments has managed to secure the most qualified, reliable and experienced team of writers. The company has also ensured continued training and development of the team members to ensure that it keeps up with the rising Academic Trends.
Our prices are fairly priced in such a way that ensures affordability. Additionally, you can get a free price quotation by clicking on the "Place Order" button.
We pay strict attention to deadlines. For this reason, we ensure that all papers are submitted earlier, even before the deadline indicated by the customer. For this reason, the client can go through the work and review everything.
At Written Assignments, all papers are plagiarism-free as they are written from scratch. We have taken strict measures to ensure that there is no similarity on all papers and that citations are included as per the standards set.
Our support team is readily available to provide any guidance/help on our platform at any time of the day/night. Feel free to contact us via the Chat window or support email: firstname.lastname@example.org.
Try it now!
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Written Assignments has stood as the world’s leading custom essay writing paper services provider. Once you enter all the details in the order form under the place order button, the rest is up to us.
At Written Assignments, we prioritize all aspects that bring about a good grade such as impeccable grammar, proper structure, zero plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.
Be assured that you’ll get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.
Our skilled editing and writing team will help you restructure your paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.
We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as many details as possible in the place order section.