Mortgage Deal is Built on Tradeoffs ? Center for Christian Business ...

Big news! Largest banks in the US have agreed to a $25billion settlement of mortgage related concerns.

The WSJ article, found HERE, raises some basic ethical questions, on which we would ask your comments.

1.?Ethics is about what should be done, not what can be done.? The article suggests that the U.S. government extracted the settlement because they could, not because there was any wrong.? Do you agree?

2.?The rule of law is a concept that allows people and businesses to engage in activity based upon predictable treatment as found in the law at the time.? Does this settlement encourage you to see that the U.S. is about the rule of law?

3.?Might makes right is another law, which is the opposite of the rule of law.? Is this action more consistent with might makes right?

This entry was posted on Tuesday, March 13th, 2012 at 2:48 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Source: http://www.cfcbe.com/2012/03/13/mortgage-deal-is-built-on-tradeoffs/

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