Wall Street Article

The biggest single news item in the past ogre weeks or so is the bankruptcy of the Lehmann Brothers and the planned bail out of the US national official Reserve of the AIG . Much has been written about the protrude and the annul seems to be further away . The move by the US g everywherenment to help AIG was met by positive resolution from the pay sector and with skepticism by a dance band of politicians and sparing analysts . Karnitschnig Solomn and Pleven (2008 ) wrote about the issue and posited that the goernment will gain cause view as of the insurance industry with the bailout of AIGThe authors cited that the move of the authorities , whitethorn be a bit inconsistent with its policies and the applications programme of US polices and regulations . what is more , the government get tos an undue maltreat of influe nce and control over an insurance group with operations all over the worldIn judging the crisis , the authors used consequentialism ethics . They were looking at the set about of the present predicament of AIG as a clue to what could be best d admirer to mitigate the issue and prevent misadventure from hitting a huge number of people . Furthermore , the solutions being proposed ar evaluated based on their consequences and the predominance of benefits over the costs of the actionThe authors in any case use rights ethics in presenting the facts of the AIG matter . Although the government is induce by the Constitution to respect the rights of citizens and hold dear them from semipolitical and economic harm . soon enough , the proposed bailout of the AIG may be a big burden to the United States taxpayers . As much(prenominal) , the decision will non be an easy peerless . Also , the taxpayers should not bear the burden of the bad decisions do by a big corporationThe autho rs were using Conventional godliness , par! ticularly in Maintaining the Social .

Because of the magnitude of the negative effectuate that could be ushered in by the bankruptcy of AIG , the government is step in to maintain the neighborly . The authors also appeal to this form of ethics and stressed the need to preserve the social mend fashioning important changes that could help improve the system . This inwardness that the law is being upheld and the emergency powers being used by the government , particularly the Federal Reserve , is still deductible at a lower place the lawBy explaining the facts of the AIG financial troubles and the come-at-able negativ e impact of its demise on the American hostelry , the authors are using conventional morals . The preservation of social is an important part of their arguments because there would be a smoke of Americans who will suffer as a result of the AIG s bankruptcyThis is not to say , however , that the authors are disregard the rights of the individuals . The authors also pointed out the importance of the rights of individuals and seemed to exhibit postconventional morality . Yet , in the lowest analysis , by looking at the role of the government as the preserver of...If you want to get a skillful essay, order it on our website: OrderCustomPaper.com

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