Economic ramifications of recent recession
Ethical Issue Perspective
A bank finds that the certain area in a city contains many risk investments and therefore refuses to provide loans to people who live and work in area. Do you feel it is ethical for government to step in and ban such practice? Why or why not? Explain.
The Economy and Society
Few things are more stressful than financial hardship, unemployment, and foreclosure of ones home. The financial crisis in the U.S. that began (or became painfully well-known) in 2008 has had devastating effects on many people. Who do you think was responsible for the recession and the crash of Wall Street? Which segments of the population do you think suffered most? How have you, or those you know been affected?
