Ethics review of Subprime Meltdown 2008
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Title: Ethics review of Subprime Meltdown 2008

Essay Details:

Subject: Business
Author: Terry B
Date: October 3, 2015
Level: University
Grade: B
Length: 14 / 3963

Essay text:

After clarify these point, we look into the crisis from ethical view point. Good old days Until mid 1980, the loan system was simple and straight forward. Borrowers borrowed money from financial firms such as banks and loan lenders and paid for the capital and the interest periodically until they finish repaying all borrowed money. The financial firms lent the money from their assets that gathered as deposits and savings, and took the capital risks such as default. Financial firms clearly understood total loan amount and controlled the capital risks. There were clear limitations of total loan amount, since they depended on the financial firms' assets...

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