The Crisis Of The Subprime Loan Scandal - 1222 Words

The overarching problem of profiteering is the foundation of many of the moral problems that came from the exploitation of homeowners during the subprime loan scandal. In the financial industry, Lewis (2010) defines the awareness of top executives and bank loan officers that participated in giving out these loans, More so, an interview with Steve Eisman reaffirms the fully conscious role that loan officers played in allowing individuals without good credit ratings to take these loans. In many cases, the banking industry argued that it was the fault of those that took the loans, but it was actually the facilitation of these loans by loan officers that laid the unethical and immoral foundation of this scandal: Whenever Wall Street people†¦show more content†¦Another aspect of Desmond’s (2016)† research is based on the perspective of the slumlord culture that also exploits low-income people in the city of Milwaukee. A focus on the behaviors of local landlords also exposes the lack of social responsibility on the part of predatory property owners that only seek to extract money from the most impoverished sectors of society. Another aspect of the unregulated financial markets reveals the predatory nature of landlord policies, specially in the case of Tobin in Desmond’s (2016) sociological examination of real estate culture in urban Milwaukee. On one hand, Tobin would be lenient with renters in his trailer park when they were temporally unable to pay rent, but on the other hand, a lack of written contracts also defines the underhanded method of manipulation and control that he wielded over his renters. Much like the banking institution loan officers that never che cked the credit background of a subprime loan recipient, so does Tobin ignore contractual and legal obligations when managing his tenants in the trailer park: Tobin’s negotiations with tenants were rarely committed to writing, and sometimes tenants remembered things differently from the way Tobin did. A tenant would say she owed $150 and Tobin would say it was $250 or $600. Tobin once forgot tht a tenant paid a year’s worth of rent in advance after winning a worker’s compensation claim. Trailer park residents had a word for this: being â€Å"Tobined.† InShow MoreRelatedThe Subprime Loan Crisis : An Analysis Of The Ethical Shortcomings1495 Words   |  6 PagesThe Subprime Loan Crisis An Analysis of the Ethical Shortcomings Ten years ago the US housing market was booming and with a constant rise in prices there didn’t seem to be an end in sight. It is, however, difficult to know when a peak is reached and for participants to take the appropriate actions in time. Nevertheless, as several studies have shown, measurements which were or were not taken made the bubble worse. Despite warnings from experts, investors and senators, the participants actions onRead MoreFinancial Crises And Its Effects On Global Economic Crisis1068 Words   |  5 PagesThe 2007-2008 Financial Crisis- Its Causes and the Involvement of the FED The financial crises that occurred in 2007-2008 had such a big impact on the world that it is now considered a global financial crisis (GFC) or global economic crisis. It is commonly believed that it began in July 2007 with the credit crunch; U.S. investors lost trust in the value of subprime mortgages which caused a liquidity crisis. This had the effect that the U.S. Federal Bank injected a large amount of capital into theRead MoreThe Subprime Loan Blog Assignment And References Of Resources Researched Essay1390 Words   |  6 Pagesaccess the subprime loan blog assignment and references of resources researched. The URL for the blog created is https://slpsubprimeblog.wordpress.com/. Click on the highlighted date located in the widget to the right-hand side of the page to review the posts. First Post There were many culprits in the subprime loan debacle in the United States starting somewhere around the middle of 2006. Gilbert (2011) state many levels of contributors participated in this mortgage lending crisis. GilbertRead MoreWho Is Hurt And Who Benefited By Libor Manipulation1209 Words   |  5 Pages(2005-2009) and global recession (2007-2009). Before crisis the rates were manipulated on the both sides, lower and upper. The traders requested to increase as well as to decrease the rate depending on their bets. If the traders managed to get the rates higher before the financial crisis then the consumers suffered. During the financial crisis the rates were going down the consumers would have benefitted as they would have secured a better deal on their loans. It doesn’t mean that the every consumer earnedRead MoreThe Financial Crisis Of The United States1574 Words   |  7 Pagesthis reflective case study I will discuss the financial crisis that occurred in the U.S. in 2008 which precipitated one of the largest catastrophe within the housing market causing a collapse amongst the financial institutions. I will also discuss about how the banks were at fault for giving out loans to individuals who were not capable of affording to pay these loans back and all financial institutions that should have had regulations on the loans that were dispensed as well. Though, the collapse withRead MoreThe Looming Of A Miracle Worker Essay1251 Words   |  6 Pagesare often followed by those who would seek to profit from them Across American history this trait is a pattern that has repeated itself numer ous of times, from the past century alone good intentions created the great depression and the savings and Loans collapse. Most recently the new good intention became low-income families, and from it blossomed a thorny rose of a new standard of business ethics. The intention of assisting low-income families started becoming more prevalent under Bill Clinton’sRead MoreCorporate Financial Crime And Its Effects On Our Economy Essay1676 Words   |  7 Pagesfactors the led to this recession was the implementation of subprime mortgage lending. Mortgage lenders offered loans to borrowers with unfavorable credit; payment delinquencies charge offs/judgements/bankruptcies, high DTI and were considered a higher credit risk (ComE-IN Background Definitions, 2015). 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In the years leading up to 2008, buying and selling mortgages became a very

Unit 4222-245 Understand the Context of Supporting...

Unit 4222-245 Understand the context of supporting individuals with learning disabilities Outcome 1 Understand the legislation and policies that support the human rights ind inclusion of individuals with learning disabilities 1.identify legislation and policies that are designed to promote the human rights, inclusion, equal life chances and citizenship of individuals with learning disabilities One of the main causes of discrimination is the fear and lack of understanding of others because they are different. In order to prevent discrimination it is important to value people and treat them differently in order to meet their different needs. -Human Rights Act 1998 become law in 2000 gives people rights that there were intended to†¦show more content†¦Among people who have learning disability, in about 50% of causes has been identifies. In people with severe learning disability the rate of â€Å"not know â€Å"cases is around 25%. 5.describe the possible impact on a family of having a member with learning disability To find that a member a family has learning difficulty is a huge shock for the rest of the family and brings emotions and new challenges. Living with a disabled person can have profound effects on the entire family–parents, siblings(brothers and sisters).For parents, having a disabled child -may increase stress -it will bring mental and physical problems, -make it difficult to find appropriate and affordable child care -will bring financial problems - bring problems in relationship/tensions in family -affect decisions about work, education of the other children or having other children. All of these potential effects could have repercussions for the quality of the relationship between the parents and it can divide the family. Outcome 3 Understand the historical context of learning disability 1.explain the types of service that have been provided for individuals with learning disabilities over time In the past most of the people with learning disabilities suffered regularly from discrimination. All to often people with learning disabilities arent considered worth living and they are the subject ofShow MoreRelatedEssay on LD 201 Supporting People with LD3456 Words   |  14 Pagesï » ¿ Understand the context of supporting an individual with learning disabilities 4200-209 4222-245 (LD 201) Level 2 Credits 4 Guided learning hours 35 Assessment document K/601/5315 This Assessment belongs to the following qualifications: Qual: Unit: Award in supporting individuals with learning disabilities 4200-21 209 Certificate in supporting individuals with learning disabilities 4200-22 209 Award in supporting individuals with learning disabilities Read MoreUnit 201 Essay954 Words   |  4 PagesUnit 4222-245 Understand the context of supporting individuals with learning disabilities (LD 201) OUTCOME 1 Understand the legislation and policies that support the human rights and inclusion of individuals with learning disabilities. 1.1. Identify four legislation and policies that are designed to promote the human rights, inclusion, equal life chances and citizenship of individuals with learning disabilities National Health Service and Community Care Act 1990; Disability DiscriminationRead MoreMedicare Policy Analysis447966 Words   |  1792 PagesSubtitle F—Relation to Other Requirements; Miscellaneous TITLE III—HEALTH INSURANCE EXCHANGE AND RELATED PROVISIONS Subtitle A—Health Insurance Exchange Subtitle B—Public Health Insurance Option Subtitle C—Individual Affordability Credits TITLE IV—SHARED RESPONSIBILITY Subtitle A—Individual Responsibility Subtitle B—Employer Responsibility TITLE V—AMENDMENTS TO INTERNAL REVENUE CODE OF 1986 Subtitle A—Shared Responsibility Subtitle B—Credit for Small Business Employee Health Coverage Expenses

International Relations for Globalisation- myassignmenthelp.com

Question: Discuss about theInternational Relations for Globalisationand Environment. Answer: The essay deals with the contribution of green international theory in the understanding of contemporary world politics. The efforts made to address the global issues concerning the environment are stated in the essay. Gilpin (2016) stated that environmental problems were never the focal point of business or political world. This is mainly because of the fact that the idea of a sustainable development did not take occur in the minds of the people. However, over the years, maintaining the environmental issues has become the main objective of the people. In this regard, certain summits like the UN Summit or the Copenhagen treaty of 2000 have emerged as the political backbone for addressing these issues. The emergence of green international relations has emerged as one of the branches of international relations that require focus from the politicians. The continuous emergence of global warming has resulted in the emergence of strategically making a green international relation to be fol lowed in the world (Baylis, Owens and Smith, 2017). The essay discusses the emergence of green international relations and the impact it has on the existing global environment. The ways to address global politics and international issues have been discussed in the essay. The emergence of green international relations theory resulted from emergence of the concept of liberal institutionalism. The two major theories that can be related to the concept include realism and liberalism (Jackson and Srensen, 2015). Realism stated the fact that countries aim to increase self-power by dominating other countries that are inferior to them. On the other hand, liberalism states that the mutual ties that exist between the countries have reduced the interests of the nations resulting in the decrease interest between two countries. For example, with the advent of liberalism there may be political tensions in terms of signing peace treaty between two neighbouring countries. Green international theory emerges from the relationship between globalisation and environment. As stated by Kublkov (2015) the advent of globalisation has resulted in the increase of mutual relationships between countries. As a result, the signing of treaties have emerged that contributed to the gr owth of green international theories. Various summits such as the United Nations Summit have made considerable efforts to promote green international theory in the world. By the end of the twentieth century, environmental degradation became a major cause of concern for the people. The political influence can help in bringing about changes in the environment and ensure that the global sustainability factor is well maintained. These issues require strategic planning as the factors that lead to the cause of degradation of the environment are usually complex, variable and have intractable characteristic (Adler, 2013). According to Fierke and Jorgensen (2015), people started to question the causes that lead to the decay of the environmental and the possible solutions that can be put to effect in order to prevent these causes. For this, the Government of various countries issued petitions regarding the environmental policies of the regions. Predictions made by scholars warned about global catastrophe unless the rapid decay to the environment can be ceased. Fawcett (2016) observed that the petition for green environment caused a major concern for most people pursuing humanities and social science as a course of study. In this regard, the emergence of the concept has drawn the focus of the politicians and has contributed in bringing about changes in the environment of the regions. The setting up of summits and treaties have been a major step for the people that have emerged as the starting steps towards maintaining green international relations. However, only after the 1980s, the voice for green inter national movement emerged that provided the loudest voice for creating the movement. These movements also formulated the emergence of parties that instigated the importance of greenery in the international aspects. According to Knutsen (2016), the relationship between environmental justice and environmental democracy came at two waves for most regions. The first wave highlighted the ecological irrationality that took place because of excess pollution. This emerged in the form of states and markets making green theories that highlighted the emergence of grassroots democracy and ecologically sustainable communities. Both these theories act as an alternative to one another in order to maintain the ecological balance that is required in the regions. However, Hill, Smith and Vanhoonacker (2017) observed that the second wave had focused more on the thinking of the political concepts that can be emerged from the use of the green theory. The emergence of the green theory has resulted in the emergence of debates within the international relations of a company. The emergence of environmental injustice is stated as the powerful nations imposing superiority over the less powerful regions of the world (Boot h and Erskine, 2016). For example, often it is seen that most countries dump wastes or conduct nuclear experiments in the southern part of the world. This results in the imbalance in the environment thereby causing climate changes in the world. Hence, the thoughts of dominating countries over the non-dominating countries have emerged as a concept to deal with for the managers. Environmental justice can be formed with the emergence of moral communities that pay heed to the factors that are affected by the environmental decay. This may include living beings as well the natural environment that surrounds the globe. Decisions made by the community and the participation of citizens that show growing concern for the environment is an asset for bringing about environmental justice in the world (Burchill et al. 2013). A precautionary approach needs to be taken to ensure the risk is minimised. In this regard, the concept of ecological modernisation can be explained in clear terms. The continuous improvement in the economic composition, environmental regulation and technology can help in degrading the decay to the economy. The strength of the domestic regulation can act as a motivator to enhance the ecological growth of a region. In this regard, the decay to an environment can also prevent the rapid fluctuations in the climate. The emergence of green political theor ies and the green political environment has resulted in the emergence of innovative technologies that affect the growth of environmental stability in the region. Hence, the green international relation theory can be broadly analysed keeping in mind the emergence of the theory. The influence of world politics can also be highlighted as the main contributor to the development of sustainable business. Roach, Griffiths and O'Callaghan (2014), the green theory related to international relation shares certain topics that can be critical in terms of understanding the concept. The green theorists bring about voices about certain factors that affect the working of the industry. The concerns include issues raised by Governments, green consumers, and ecological scientists and so on. The common theme of the concern is the transforming pattern of global trade that can help to promote sustainable development in the region and in the world. Weber (2013) stated that green sustainability can be subdivided into two wings namely the IPE wing and the green cosmopolitan wing. These two subdivisions work together in order to analyse the ecological problem and articulate new laws related to the protection of economy in the region. The new concept of international relation has approached the problem of the environment as a new concern for the people. The political, as well as the wings of internationa l relations, have challenged the existence of the approaches made by the nationalists. The challenges that have come into existence include the frequent climate changes. Evidence can be provided about the effects of climatic change in the lives of the people. The effect of climatic change can be dated back from the 1750s until the end of the Second World War. This is mainly because of the fact that the wars between nations had created massive disturbance in the climate and environmental factors of the world. It has been noted by scientists that the continuous exposure to smog and harmful pollutants can cause degradation to the environment and extinction of the species. In order to contain this, the First Assessment passed by the Intergovernmental Panel on Climate Change in 1990 proposed to achieve a stabilisation to the greenhouse gas concentration. Despite major changes in the political sphere, such as the signing of the Kyoto treaty, seeking cooperation from the United States and the election of President Barrack Obama, nations have failed to come to a point where climate change can be tackled in the world. According to O'neill (2017), the united effort of the members of every country needs to come into effect in order to promote climat e change in the world. In 2000, the signing of the Copenhagen treaty paves way for an effort to control the fluctuation in climate. The initiative taken in order to reduce global warming by a minimum of 2 degrees proved to be an effective and cost-friendly step towards the development of green international relations. Hence, this is a big step towards maintaining international relations among the countries and contributes to the effective method by which international relations can be maintained. It defines the working of the international relations and explains the system in a broader manner. Recently the UN Summit regarding climate change in 2015, shed light on the ways by which climate change can be controlled. The agreement proposed to set a limitation to reduce the impact of climate change by 2 degree Celsius. Within the years 2030 to 2050, zero emission can be seen as a prospect of addressing the issues that exist in the environment. This had a significant impact on world poli tics as most countries volunteered to undertake the notion set up in the conference. The international climate development has been made significant progress towards maintaining climatic changes in the regions. This can be attributed as a major global issue. The growth of carbon markets internationally has helped national as well as international level people to monitor the changes taking place in the climate. However, Sunkel and Inotai (2016)stated that most of the state Government has faced opposition about the significant growth of the carbon market. This is mainly because of the unstable nature of carbon extraction that can lead to the imposition of a tax. This can come as significant costs for those countries that are economically backward. The fact that the climatic change creates massive issues is an enormous problem that most Government in the world faces. The response that the politicians and Government received from the people despite the issues has created a massive diversity among the people (Koutrakos, 2015). The concept of green international relations has brought about hope in the mind of the people about the sustainability and development of the environment. The green international relation has offered alternate analysis of the political problem that arises in the world. The new theories proposed by the green international relations have brought about significant changes in world politics, as politicians round the world have contributed in assisting the promoting green international relation and prevent the degradation of environment. According to Dunne, Kurki and Smith (2013), the green international relation theorists give importance to the role played by justice in the analysis of the environment, most scholars are of the opinion that modernisation can be cost-effective and can bring about financial instability in some countries. Particular emphasis is given to the relationship that is formed between knowledge and power. The main concern is to improve the communication practices that exist between the domestic and international climate policymakers. The debate between the emission of carbon and fuel extraction on the effects on the atmosphere can bring the about opposed action in the mind of the people. The global warming challenge can be framed by alternate policy prescriptions to provide fair and lasting solutions for the Government. Goldstein and Pevehouse (2014) stated that one of the popular models for measuring the impact of climate change is the contraction and convergence model developed by researchers in London. The theory states that a major contraction by the richer countries along with the convergence of the other countries can provide the atmosphere with the ability to absorb harmful emissions. The model proposed to provide developing countries with the space to expand as well as facilitate resources that can help in building the capacity of the country. In the light of this statement, it can be concluded that green international relation forms the backbone of the increasing demand for sustainability in the world. The increase of political powers in the countries and in the industries has created a strong voice for the development of sustainable business across the regions. The fact that alternate solutions can be provided with the help of green international relation indicates the effectiveness of the situation. The united effort of the green political economists and the green normative theorists bring about environmental justice to the regions of business. The position adopted by the green economists tends to remain pre-occupied with the resulting change that exists in the environment. The disagreement exists in the use of carbon markets for restoring sustainability in the economy. While most countries have accepted the proposal made in the Copenhagen treaty of 2000, some countries have differed from signing the treaty due to the f inancial condition of the regions. Thus, the green international relation can help in bringing about the required development in terms of protecting the environment. The recent development in the UN Summit has also been effective in addressing the climatic issues brought about in the regions. Thus, it can be said that the influence of political power have gradually grown to dominate the emergence of green international relations. Reference Adler, E., 2013. Constructivism in international relations: sources, contributions, and debates.Handbook of international relations,2, pp.112-144. Baylis, J., Owens, P. and Smith, S. eds., 2017.The globalization of world politics: An introduction to international relations. Oxford University Press. Booth, K. and Erskine, T. eds., 2016.International relations theory today. John Wiley Sons. Burchill, S., Linklater, A., Devetak, R., Donnelly, J., Nardin, T., Paterson, M., Reus-Smit, C. and True, J., 2013.Theories of international relations. Palgrave Macmillan. Dunne, T., Kurki, M. and Smith, S. eds., 2013.International Relations Theories. Oxford University Press. Fawcett, L., 2016.International relations of the Middle East. Oxford University Press. Fierke, K.M. and Jorgensen, K.E., 2015.Constructing International Relations: the next generation. Routledge. Gilpin, R., 2016.The political economy of international relations. Princeton University Press. Goldstein, J.S. and Pevehouse, J.C., 2014. International relations.American University, Washington, DC. p55-57. Hill, C., Smith, M. and Vanhoonacker, S., 2017.International relations and the European Union. Oxford University Press. Jackson, R. and Srensen, G., 2015.Introduction to international relations: theories and approaches. Oxford university press. Knutsen, T.L., 2016.A history of international relations theory. Oxford University Press. Koutrakos, P., 2015.EU international relations law. Bloomsbury Publishing. Kublkov, V., 2015.International relations in a constructed world. Routledge. O'neill, K., 2017.The environment and international relations. Cambridge University Press. Roach, S.C., Griffiths, M. and O'Callaghan, T., 2014.International relations: the key concepts. Routledge. Sunkel, O. and Inotai, A., 2016.Globalism and the new regionalism(Vol. 1). Springer. Weber, C., 2013.International relations theory: a critical introduction. Routledge.