Wall Street Article

The biggest single news item in the past heller weeks or so is the bankruptcy of the Lehmann Brothers and the planned bail come to the fore of the US federal official Reserve of the AIG . Much has been written about the trim back and the annul seems to be further away . The move by the US g everywherenment to help AIG was met by positive receipt from the pay sector and with skepticism by a mess hall 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 giving medication activity , whitethorn be a bit inconsistent with its policies and the drill of US polices and regulations . what is more , the government get tos an undue quantity of influence and control over an insurance group with trading operations all over the worldIn judging the crisis , the authors used consequentialism ethics . They were t single at the set about of the present predicament of AIG as a clue to what could be best d zoom 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 in any case use rights ethics in presenting the facts of the AIG matter . Although the government is cause 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 one . Also , the taxpayers should not bear the burden of the bad decisions do by a big corporationThe authors were using Conventio! nal piety , particularly in Maintaining the Social .

Because of the magnitude of the negative make that could be ushered in by the bankruptcy of AIG , the government is footprint in to maintain the neighborly . The authors also appeal to this flesh of ethics and stressed the need to preserve the social period fashioning important changes that could help improve the system . This authority 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 a nd the executable negative impact of its demise on the American club , the authors are using conventional morals . The preservation of social is an important part of their arguments because there would be a plentifulness 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: BestEssayCheap.com

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