Business Ethics Article Example | Topics and Well Written Essays - 250 words - 6

Business Ethics - Article Example The bank sold the securities to an investor who was unnamed and to the Zuni Indian Tribe. Stuck with $5.5 million in equity that it could not sell, through flashy moves the bank transferred the risk into CDOs marked at 52.7 cents to the dollar. They sold these CDOs to the investor and the Zuni Indian tribe for 95 cents on the dollar. The original property went into default and the purchasers were left with debt. Other fraud allegations were covered in the suit. Also, Wells Fargo had fired a whistle blower who had reported to the SEC in 2009 of these strange dealings at the bank. Is there a moral issue involved? Wells Fargo was fined a small percentage for the billion dollar chaos it helped created.It had probably obtained millions in income before the housing bubble bursted. Is uncontrolled greed a moral issue? Yes, it is. 2. In defense of Wells Fargo & Co., and Goldman Sachs who was mentioned in the article as being fined $550 million last year by the SEC for similar allegations, Mi lton Friedman, a worldly respected economist, in regard to corporate social responsibility is often quoted, "to make as much money as possible while con ­forming to the basic rules of the society, both those embodied in law and those embodied in ethical custom." Another defense would be to define the rules of society during the period of the spiraling housing prices as one that allowed speculation and rewarded it.

The Tough Life Essay Example | Topics and Well Written Essays - 500 words

The Tough Life - Essay Example She appears embittered about â€Å"lost beauty.†The woman lives in abject poverty, endures racial discrimination, suffers from mental illness, and feels abandoned. She is also depressed and lonely. The image of the woman reflects on the life experience of Native-Americans, secluded from their culture and entangled in cyclic poverty. For the woman, a mother of three, suicide seems to be the only avenue through which she can escape the harsh life in Chicago. As the author asserts, the woman speaks out for the other women watching her dangle from the window on the thirteenth floor. The squalid health of women becomes evident. Her only comfort is the memory of the good life she experienced as a child, which is nothing but a dream at the moment. The woman lives in a cruel world, surrounded by people who seem to care less even if she jumps to the ground. Her life is basically separated from death by a very thin thread. She is unable to speak about her despair, and attempted suicide seems the only sure way through which she can drive her point home. Cross-cultural issues appear the most significant problem in the poem. The woman hangs from a window in the 13th floor, which is often associated with bad luck and avoided in most buildings, where floor numbering usually jumps to fourteen from twelve. From personal experience of life away from one’s culture, I can attest what might have led the woman to think of attempted suicide. In New York City, I have also endured a very tough life relative to the one I lived back in my native country. Unlike in my homeland, I have to collect my laundry and wash away from my home. Also, I am forced to take the subway to the university, which takes a long time and thus very tiresome. Further, here in New York City, I have to walk a lot, while back in my country, I have my own car and a driver. Life has become so stressful