Argument Summary judgment is appropriate when the moving party can show that there is no genuine issue of material fact and that the moving party is entitled to judgment as a matter of law. Cecil v. Cardinal Drilling Co., 244 Mont. 405, 409, 797 P.2d 232, 234 (1990); Mont. R. Civ. P. 56(c). A material fact involves the elements of the cause of action or defenses at issue to an extent that necessitates resolution of the issue by a trier of fact. Arnold v. Yellowstone Mountain Club, LLC, 2004 MT 284, ¶ 15, 323 Mont. 295, 100 P.3d 137.
By 1918 Wells Fargo was among the 10000 communities. That year the express network taken over by the Federal government as part of First World War and Wells Fargo left with one bank in San Francisco. Wells Forgo earned reputation from the events and tremendous growth of 20th century. In depression and war, even greater post war prosperity, social changes and faster communications technologies, Wells Fargo’s focus was only the customers’ business and it has seen it through great events and brought prosperity.
1.1 Introduction ”Too Big to Fail”(TBTF), is a well known and widely accepted phenomenon used even by people who are not well-informed in economics and banking. Many people and economists has the opinion that ”Big” in financial institutions is bad. Different in opinions have been shared in the last decade about banks since the inception of financial crisis in 2008. When a big bank encounters some financial distress it generate fear because if it goes bankrupt, its resulting consequences will endanger more financial institutions and hence cause a catastrophe to entire economy. Regulators and some institutions are expected to aid banks to prevent them from indulging in careless and reckless practices.
The Dodd-Frank Act is a federal law that places regulation of the financial industry in the government. It grew out of the Great Recession with the purpose of avoiding another collapse of a major financial institution. It is intended to safeguard consumer’s procedures to prevent borrowers from being taken advantage of by banks and financial institutions using misleading or deceptive activities or procedures when lending money for mortgages or other purposes. Personally, I think this law is a failure. The act presented that it would terminate the “Too-big-to-fail” and help financial stability.
In Addition to maldistribution stood the credit structure of the economy, some farmers were in deep land mortgage debt, so they lowered their crop prices in order to regain credit, and because the farmers were no longer accountable for what they owed banks. Across the nation the banking system found themselves in constant trouble. In America both small and large bankers were concerned for their survival, so they began investing recklessly in stock markets and granting unwise loans. These unconscious decisions would lead a large consequence, such as families losing their life savings and their deposits became uninsured. “ More than 9,000 American banks either went bankrupt or closed their doors to avoid bankruptcy between 1930 and 1933.”Although
Following the Civil War, the Republican party controlled Congress during the period of Reconstruction. In 1865, Congress approved the Freedmen’s Bureau in order to help African Americans adjust to freedom. This agency believed that economic stability was a critical requirement for freedom; therefore, Congress also endorsed the Freedman’s Savings and Trust Company, sometimes referred to as the Freedman’s Savings Bank. Several ads and articles appeared in various nineteenth century newspapers to inform and encourage African Americans to deposit their money into this bank. When the bank first opened in 1865, ads always mentioned that it was chartered by Congress and ran by trustworthy officials.
The ethical analysis can be conducted with the full understanding of what ethics in fact is. Ethics is all about proper behavior and acting for good; therefore, everyone has his/her own idea of what that means. In any case, the comparison of several ethical scandals should be based on the principles of action and the foundation of ethics. Being a large energy provider, Enron had its good and bad sides. Thus, in 2002 Enron announced its bankruptcy what turned out to be one of the biggest issues in American history.
In the article, “Deviant Subculture: Has It Become OK to Break the Rules”, the author discusses how deviance has started to become a trend in society. The author beings the article by narrating a small conversation between two boys, one who is downloading music illegally (Simon) and the other who is trying to talk Simon out of doing this illegal act (Astrid). Simon tries to justify his illegal actions by stating that everyone cheats, even rich CEOs and politicians. He admits that it is not okay to steal, but everyone does it. After this introduction, the author discusses how it has been a bad couple of years for the idea of “playing by the rules.”
The acceptance of change and the willingness to embrace it is largely dependent on the experiences that employees have had in the past. No one generation is more or less likely to resist change and it is fair to anticipate resisters to change from all four generations. In a Traditionalist’s world, change only happened when there was a good reason for it. The old adage ‘if it ain’t broke, don’t fix it’ was often applied.