The bailout; it seems to be the topic at everyone’s dinner table these days. Before the bailout we found ourselves asking the question how ethical would it be for this generation of Americans to force the cost of the Wall Street sub prime mortgage disorder onto future generations, and conceivably for many decades to come? We also think on, how ethical would it be to allow a car wreck now, possibly permanently damaging America’s creditworthiness and place in the future world economy, if a bailout would truly prevent that permanent harm? And if that was the case why haven’t the miracle workers of Wall Street that created this disaster, come to the fore front with apologies and help with planning a plausible way ahead? These are all questions that should have been asked before bailout was passed.
When pondering on the question, was the bailout ethical or unethical when have to look at all of the components of the situation. If the bailout was passed just to help push the worries and problems down the road to the future, then this was an unethical decision, because again we have no taking responsibility for the decisions that need to be made. Overall the bailout was caused by people being allowed to over borrow; but in a way you can not blame the people for making poor decisions, but you do have to hold them accountable for not being honest with themselves on the amount that they can pay back. So in the end it was their decision to be irresponsible by taking a loan that they could not repay. But overall the unethical outcome came about due to the unethical decisions made by the business.