It is clear one issue this election year should be Business Ethics. We have plenty of active stories going on without even going back to lobbying scandals. Sub-prime loans and predatory business practices of credit card companies is just a symptom of what is going on all over our world.
Poor people spend money that businesses can recognize as a market to tap and poor people will use credit. I know an intelligent woman personally that got caught tapping into her home mortgage not realizing that it was the equivalent of a second mortgage. While Ohio state passed a law to cap interest rates on credit, the cap is a lofty 28%. Also now see that some hospitals are selling off private pay debt from people without health insurance converting the debt to an interest bearing financial instrument.
How can it make sense that organizations whose CEOs have lost billions or millions will pay that CEO bonuses and keep him in the organization??? Real productivity is lost country wide, Billions in Dollars evaporates from banks and corporations...and nothing is given back to the community or state. It seems that wealth is fleeing in the form of economic leakage.
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