The collapse happened too quickly for any regulators to have seen it coming, let alone stop it. But are they to blame, or are the stereotypical money whores of Wall Street at fault? That answer is still up for debate, but many will agree it is a combination of both. The regulators allowed what would later be described as "shadow banking" to continue for far too long. The biggest takeaway is that anyone who cares about the wellbeing of our economy cannot let this happen again. The financial crisis was an economist’s worst nightmare. Their holy idea of equilibrium and Adam Smith 's Invisible Hand had failed them. Wall Street was left relatively unregulated and shot itself in the foot. Looking back, it is apparent the SEC must ratchet up regulations and restrictions, which they have. The implementation of the Dodd-Frank Act has begun a long and tricky road to allowing Wall Street to flourish while being financially safe. To ensure our own banks do not create another economic recession, the large investment banks and the rating agencies must be heavily monitored, or in the coming years another potato may come out of the oven ready to burn someone
British Association of Counselling and Psychotherapy (BACP) are the main and the biggest expert relationship for guiding and psychotherapy in the United Kingdom with more than 34,000 individual members. The Association was established in 1971 and works deliberate self-administrative plans for individual counsellors/psychotherapists, bosses, instructional classes and administrations. The BACP Ethical Framework came into power in April 2002 and gives an expert framework to guides, delineating key zones of obligation and principles of behaviour (Rugby 2010). At present BACP authorises post graduate courses at 30 UK Universities over every one of the four home nations. More than 24,000 members have embraced centre preparing in advising and psychotherapy. Roughly 9,000 members are authorise and enlisted on the United Kingdom Register of Counsellors and Psychotherapists (UKRCP) and around 12,000 hold post graduate capabilities or identical (see figure 1below)
Bombardier is facing a great amount of backlash from Canadian citizens due to a recent scandal, linking one of its employee on bribery charges. Claas Belling a spokesman for Bombardier transportations said “As always, we are committed to operating in full compliance with all legal rules and requirements and our own high ethical standards.” (Brownell, 2017) The company will need to review its ethical standards procedures and implement new measures on improving everyone within the company therefore, it is clear and what is to be expected. We recommend the company highly encourage improved ethical operations and procedures among all staff members within the company in order to have the company succeed and reducing its chances at another scandal.
early stages of the scandal, the San Francisco based financial institution was investigated by the local Los Angeles City’s Attorney and California state officials. Preliminary investigations revealed the extent of the fraud and malpractice predated as far back as 2011. As a result, on September 8, 2016, federal investigators followed suit and the Consumer Financial Protection Bureau Agency opened an investigation against Wells Fargo and handed a $185 million penalty to settle the dispute. This settlement would become the largest fine levied in the agency’s history. Of the $185 million, $100 million comprised of fines from the Consumer Financial Protection Bureau (CFPB), $50 million originated from the Los Angeles City Attorney’s Office, and
Mens rea is the element of a crime which alludes to what is known as the “guilty mind”. The case of R v Mohan  QB 1 , the case dealing with the meaning of intention in the context of the offence of murder, James LJ clarified that intention meant ‘aim’ or ‘a decision to bring about a certain consequence’ whilst mens rea is generally related with motive what it more directly links to the notion of intention. There are two types of intention, direct intention and oblique intention .Oblique intention is difficult for a jury to infer and difficult for a prosecutor to prove. Defining mens rea of intention precisely is very difficult over the years. The meaning of intention have been highly debated and had went through transformation throughout the years. It was R v Moloney  AC 905 which introduced the Moloney Guidelines was the first case to introduce this subject, this case was followed by R v Hancock and Shankland  3 WLR 1014 then came along the case of R v Nedrick  1 WLR 1025 the final, clarified guidance comes from R v Woolin  1 A.C. 82 .
In the text, The Ethical Life, by Russ Shafer-Landau, it questions Jonathan Bennett’s morality and sympathy and how the two of them can come into conflict. Morality and sympathy are connected, but still very different. Throughout this chapter, Jonathan Bennett outlines many important points and factors that go into these connections and how they can overlap and conflict.
The e-mail system is provided for the use of staff and other authorized users for corporate
Lehman Brothers collapsed in 2008 following bad investment in the sub-prime mortgage market and used bad accounting practices called Repo 105 transactions to try and cover up the bad assets.
This article on ethics was really interesting and a dilemma that is prevalent within criminal justice. In the article Dr. Steven Davis recognized that students cheating in high school increased by 20% in the 1940 to 75% today. Davis stated, "If students lack ethics in high school and college, then there should be little surprise that they lack ethics in their careers. (2008)." This observation by Davis holds some value, because individuals that is willing to cheat to get ahead, definitely has no problem crossing ethical lines, because in their mind the wrong is acceptable, just as it was when they cheated.
After carefully reviewing NAEYC Code of Ethical Conduct and Statement of Commitment I first analyzed its Conceptual framework, it sets forth the responsibilities as a childcare personnel & the professional responsibilities of childcare workers including childcare leaders as well the code of conduct framework of professional responsibilities. Furthermore it’s separated into four sections, however each section covers the following area as a professional relationships with any children that personnel come in contact with whether they attend the childcare center or contact during trips & or picking the children up from school, relationships with families in & out of the childcare center, professional relationship among colleagues, and relationships & interactions amongst the community and society.
In the article, " The Powerless Get Punished for Cheating, and the Powerful Benefit", written by Brittnay Cooper, argues that executives are not sent to jail for mortgage fraud that destroy poor neighborhoods. She argues, "Subprime lending fraud by banks like Wells Fargo and other lenders demolished African-American neighborhoods and exacerbated a crisis of black women and families being evicted from their homes yet no major executive has been punished." The only ones suffering From the cheating are the lower-class because those causing the problems are faced with no penalties and feel as though they can continue these immoral actions. Cooper as argues," republicans are using trumped up evidence from conservative activist to press the case
The headnote establishes Michael Dillingham’s work position as an experienced team physician. With that information, I can already assume that the essay will be evidence Dillingham has pulled from previous experiences. Throughout the essay Dillingham gives his position on the negative effects of the drugs, and explains who agrees with his position. Applied ethics is the moral reasoning behind the use of the drug and its advantages and disadvantages. With applied ethics the audience can be both private and public people. The author mentioned “the inmates are running the asylum”, which means that that the athletes have final say in some major decisions rather than the coaches and higher staff members making the important and necessary decisions.
What constitutes an intention to commit a criminal offence has been the focus of intense common law debate for more than three decades. Intention can be separated into two sub-sections: ‘direct intent’ and ‘oblique intent.’ The preponderance of murder cases deal with the concept of direct intent, and prove to be uncomplicated as the defendant embarks on a course of conduct to bring about a result which in fact occurs. When considering the concept of oblique intent, it is essential to look at the case of R v Woolin  1 WLR, alongside previous cases, to better understand how and why the appellate courts have developed the meaning of oblique intent. It is also important to note that in view of the uncertainty inherent in the judicial guidelines
Rights and Duties - Everyone has rights to do some things and to be free of some things, and everyone has duties not to violate others’ rights.
Firstly, the banks hugely increased the market for synthetic CDO’s. This is borderline illegal and should be illegal but isn’t. These were a huge contribution to why the housing market collapsed.