Business Law Essay Paper on The 2010 film “Inside Job,” directed by Charles Ferguson

The 2010 film “Inside Job,” directed by Charles Ferguson

 The 2010 film” inside job” by Charles Ferguson discusses various ethical concerns including arrogance, greed unethical behavior and insufficient accountability.  I will focus on how the U.S banking systems has been affected by corruption. The parties involved during the corruption cases include Claire Danes, Inan Hart, and other bankers including Glenn Hubbard.  During the 2010 film events, it reveals how the banking systems are engaged in illegal drugs and operations contrarily to the law. The culture is led to the increased financial crisis across the different countries. The event also reveals that the politicians and bankers were influential people in the increased collapse of the financial sector such as the mis-selling of mortgages.  Other financial problems were associated with bank credit, car loans, and credit debts. The parties were blaming other bankers on the needs to check the credits. The edited interviews of the film by Patrick Kingsley consisted of the accusation from an academic and political perspective.

The banking practice worked through the various regulations and procedures, in which the bank managers and fund managers are concerned. The operations of the banking were questioned over the ethical concerns. Since, the banking operations and processes were flawed to implement strict process in the industry. The banking processes were ethical questionable due to their inability to comply with the already set provisions and guidelines. Charles Ferguson was concerned with the cases of corruption affecting banking systems in the economy. The director organized the various interviews to promote the need for improved ethical compliance and legal restriction in the financial services.

Chapter 6:

  1. The moral philosophy of the principle of utility was by the various parties to justify their actions. The principle of utility is common known as the framework of utilitarianism. The principle of utility implies the moral approach of looking for pleasure and minimal pain. Thus, the parties were focused on gaining more benefits from the events through their actions.  This aligns with the expected behavior of persons that they will behave in a manner that promotes their own gains. However, they can still promote the overall benefits to different parties involved.  Then parties were forced to act in manner that maximizes pleasure to fulfill their tastes and preferences.  They were focused on cooperation with other parties to solve their common problems in the society.  It also takes into consideration the interests of all parties.  The contribution of each individual leads to an overall good to the parties involved.
  • The two alternative moral philosophies include the Immanuel Kant’s framework and golden rule philosophies. The two frameworks affect the outcome of the parties involved in the actions.  First, Immanuel Kant frameworks discuss the available needs to create new talents that help people in meeting their obligations. The Kant ethical framework provides that single moral law is appropriate in regulating the actions of people. This leads to the unambiguous application to the aurous aspects of our lives. The parties would have relied on the single moral provisions limiting the exploitation of the other parties.  The framework helps the parties to set up appropriate guidelines on managing unethical intentions.  The golden rule is another ethical framework that calls for equal value to all persons. It provides that people must value how other people think. The parties involved advocated for improved moral judgment without taking into consideration their personal interests.