The activities that brought down the U.S. economy and others around the world, in 2008, were unethical in that they ultimately produced great harm and were contrary to a number of ethical principles such as responsibility, transparency, and fairness.

Question

Quizplus · Accepted Answer

The activities that led to the 2008 economic crisis, such as subprime lending and securitization, involved irresponsible and unethical behavior that violated ethical principles such as responsibility (lenders not properly assessing the ability of borrowers to repay), transparency (securitization hiding the true risks of investments), and fairness (predatory lending and unequal access to credit).

The Activities That Brought Down the U