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14 Jan 2018

Are subprime loans an unethical financial instrument, or are they ethical but misused in a way that created ethical issues?

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Nestor Rutherford
Nestor RutherfordLv2
16 Jan 2018
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Related questions

You are charged with evaluating whether to shut down a manufacturing facility in Louisiana and move the operation to India where labor laws allow your firm to pay lower wages and employees work longer hours. Your analysis shows that moving the factory overseas would be more profitable than keeping the factory in the United States.

•From a finance perspective, should the firm stay in the U.S. or relocate to India? Provide an argument in favor of your decision.
•What are the financial ethical issues you foresee if you elect to move the factory to India?
•What are the financial ethical issues you foresee if you elect to leave the factory operating in Louisiana?

The Consumer Financial Protection Bureau was created with the oversight authority necessary to ensure that

consumer financial markets work.

the prices and risks for credit products and other consumer financial services are easy to understand.

the prices and risks for mortgages, credit cards, and other kinds of financial products and services are clear.

All of these.

TRUE OR FALSE

A subprime mortgage is a mortgage with an APR below the prime rate.

Balance sheets are from a fixed point in time. Therefore, it is possible to do “window dressing” on the last day of the fiscal year. This could include bringing in long term debt as cash to improve short-term financial liquidity and then repaying the loan the next day. This could include selling an asset for cash on the last day of the fiscal year and repurchasing the next day. The possibilities are endless. Further, the financial statements do accurately reflect the financial position of the corporation for the day in question. Nevertheless, is this ethical? What is the distinction between unethical and illegal?

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