BUS 323 Week 3 Discussion | Assignment Help | Excelsior College
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- 03 May 2021
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BUS 323 Week 3 Discussion | Assignment Help | Excelsior College
M2M3 Learning
Community
"Those who
cannot remember the past are condemned to repeat it."
- George Santayana
One reason business
students look at history and case studies is the chance to reflect on the facts
of the case, determine the causes of a (regrettable) action, and through
analysis make a recommendation regarding the policies and procedures that would
have prevented such a disaster. To start the course, we will look at the
2007-2009 financial disaster. The actions leading up to the crises were not
illegal at the time. Yet, in retrospect, they were unethical because the
actions were unfair, lacked accountability and transparency, and held few
responsible for any negative outcomes.
Financial institutions in the U.S. had governmental pressure to
provide loans to potential homeowners. That pressure was intense enough such
that lenders were lax on determining whether the borrowers could pay back those
loans. At the same time, the availability of mortgages led to an increase in
the cost of real estate, leading many investors to choose real estate
investment funds. Typically, there are agencies that value all types of
investment funds to determine the safety of the funds. Those rating agencies
and government regulators did not assess the risk in these shady loans.
Here is a brief video to explain what happened next:
For our first
discussion, pick one of the following roles from the 2007-9 financial crises
described in the articles below. Also, be sure to review the lecture posted
below by your instructor.
Mortgage
Lender (Links to an external site.)
The 49-year-old mother of two became a face of housing-crisis misdeeds when the
Justice Department pursued civil-fraud charges against her for her work at
Countrywide Financial Corp.
Manager-Real
Estate Securities Investment Firm (Links to an external site.)
Why only one top banker went to jail for the financial crisis.
Director-Security
Risk Rating Firm (Links to an external site.)
Moody’s Agrees to Settle Financial Crisis-Era Claims for $864 Million.
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Post |
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·
Your chosen role in the title of your post. ·
The ethical dilemma, or values conflict, your
role faced in the 2008 crisis. ·
The values lacking in your role’s organization
that would have led to a comprehensive analysis of the risks associated with
the bad practices. ·
Identify the stakeholders from your point of
view, and the way those stakeholders will influence your decisions on how to
resolve any dilemma. ·
Talk about the role of conformity bias in your
chosen organization and other external influences on your role in decision
making in your organization. ·
Be sure to provide a citation at the end of your
initial post. ·
Post your primary response on the discussion
board. Be sure to review your writing for grammar and spelling before
posting. Read any postings already provided by your instructor or fellow
students. See the Discussion Rubric for how you will be evaluated for this
activity. You are also expected to read the responses to your original posts,
and if a classmate raises a question or an issue that warrants a response,
you are expected to respond. |
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