Ethical Dilemmas In The Housing Market Crash

Words: 312
Pages: 2

The housing market crash in 2007 is very much a well-known phenomenon, but surprisingly nobody expected it to happen during that time. This is the most unethical part about this this crisis, as the bank were handing out loans irresponsibly to people that cannot pay them. As seen in the movie, they were preying on people such as immigrants and the working-class people to hand out loans. They use the trust of the American people to their advantage also, since the stripper character was actually surprise when Mark Baum told her she actually need to pay back the loans she owes in the near future. The bank blatantly lied about extending her payment period. Another extremely unethical behavior is the system continually changing the bonds names as