Wall Street Article

The biggest single news item in the past daemon weeks or so is the bankruptcy of the Lehmann Brothers and the planned bail fall out of the US federal official official Reserve of the AIG . Much has been written about the issuance and the annul seems to be further away . The move by the US g everywherenment to help AIG was met by positive rejoinder from the pay sector and with skepticism by a nap of politicians and sparing analysts . Karnitschnig Solomn and Pleven (2008 ) wrote about the issue and posited that the goernment will gain impel view as of the insurance industry with the bailout of AIGThe authors cited that the move of the establishment , whitethorn be a bit inconsistent with its policies and the natural covering of US polices and regulations . what is more , the establishment get tos an undue measuring rod of influence and control over an insurance group with operations all over the worldIn judging the crisis , the authors used consequentialism ethics . They were flavour at the set about of the present predicament of AIG as a clue to what could be best d sensation to mitigate the issue and prevent misadventure from hitting a huge number of people . Furthermore , the solutions being proposed atomic number 18 evaluated based on their consequences and the predominance of benefits over the costs of the actionThe authors as well as use rights ethics in presenting the facts of the AIG matter . Although the government is stimulate by the Constitution to respect the rights of citizens and hold dear them from governmental and economic harm . soon enough , the proposed bailout of the AIG may be a big burden to the United States taxpayers . As such(prenominal) , the decision will non be an easy unmatched . Also , the taxpayers should not bear the burden of the bad decisions do by a big corporationThe authors were using Conv! entional religion , particularly in Maintaining the Social . Because of the magnitude of the negative set up that could be ushered in by the bankruptcy of AIG , the government is mensuration in to maintain the companionable . The authors also appeal to this considerate of ethics and stressed the need to preserve the social era fashioning important changes that could help improve the system . This mode that the law is being upheld and the emergency powers being used by the government , particularly the Federal Reserve , is still permissible at a lower place the lawBy explaining the facts of the AIG financial troubles and the viable negative impact of its demise on the American edict , the authors are using conventional morals . The preservation of social is an important part of their arguments because there would be a kitty 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 final exam analysis , by looking at the role of the government as the preserver of...If you want to get a ample essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay