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[answered] Banking (Lehman Brothers) First post: When the topic of the


For week 3, you have an assignment that must be posted by Monday. ?****My original discussion is attached.

You are asked to write an argumentative essay (not just a paper) on one of the provided topics.

Argumentative essay has a certain format you must follow. This was explained in the assignment (and the task instructions) with certain sub-titles. Please start with the title page. Then, use and type the sub-titles (or sub-headings):

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a-????? An introduction

b-????? A thesis

c-????? Ethical theory

d-????? Two premises

e-????? Comparative analysis

Please add the references in the last page using the correct APA format.

If you don?t follow that format (even if you followed the exact sequence but without sub-headings), as explained above, the assignment will be returned to you to redo.

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The Difference between a paper and a thesis

(Both require the demonstration of extent academic research and the evidence of capacity for critical analysis.)

Rules: Each university sets its own rules and regulations for presentation style and the length of a thesis or a paper.

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?

Paper

Thesis

Length

Short, around 10,000 words or less.

Long (some universities has a minimum of 12,000 words)

Study

Independent study

Supervised by the professor

Structure

The student selects his/ her own structure.

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It is usually written as a part of a subject and does not commonly count as a separate subject or module and thus does not require an individual supervisor.

The professor review and provide advice for the correct structure. The student must follow the suggested format.

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The professor?s suggested format is to enable the development or enhancement of the student?s writing and presentation skills and capability of independent research.

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The completion of thesis requires the input of original work and author?s findings in the field of chosen topic.

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Originality

The student provide his/ her own opinion with his/ her research

The research is based on available theories and analyzed by the student. The demand of originality, are much higher than for a research paper.


Banking (Lehman Brothers)

 

First post:

 

When the topic of the market collapse of 2008 is brought up the main thing that comes to mind

 

is Lehman Brothers. For those that do not know, Lehman Brothers was a bank that filed for

 

Chapter 11 bankruptcy in 2008. They lead the charge for the largest bankruptcy filing in United

 

States history. This was caused by their borrowing more than they should have. Looking at the

 

ethical theory of virtue ethics which is do unto yourself as you would do to others. Lehman

 

Brothers did not follow this rule. In the capitalistic nation of America, they could operate. Some

 

may ask the questions what is capitalism. Per MerriamWebster.com capitalism is ?an economic

 

system characterized by private or corporate ownership of capital goods, by investments that

 

are determined by private decision, and by prices, production, and the distribution of goods

 

that are determined mainly by competition in a free market (Merriam-Webster 2003). The

 

nation of America?s laws in place allowed this company to act in the way that they did causing in

 

turn America to suffer. America is a capitalistic economy which means that they should not be

 

involved in the financial matters of a bailout. This put our nation in a trap when the economic

 

snowball of Lehman Brothers claimed bankruptcy occurred causing many other industries doing

 

the same leading to the bank rescue of 2008.

 

Virtue ethics is basically the golden rule and is a business ethic that many would hope bankers

 

have. Especially the ones making decisions that can impact a wide array of people. Lehman

 

Brothers suffered not only from their financial mistakes per Seven Pillars Institute ?The real

 

tragedy lies in the lack of ethical behavior of its executives and professional advisors. They made

 

conscious decisions to deceive and manipulate, and the consequences proved too dire to

 

preserve the historical investment bank?s existence. The perennial lesson of the Lehman

 

Brothers case is that no matter how dire the circumstances may appear; transparency and

 

accountability are paramount? (Montgomery, 2011) The characteristics of virtue theory go

 

against this in every way. A virtue ethicist would have said to the banker to be transparent with

 

the fact that the business is going under and not to tell lies because that person would not have

 

liked to be lied to. If this were the case, the problem might not have escalated as far as it did in

 

the past. References:

 

Merriam-Webster (2003) Merriam-Webster?s Collegiate Dictionary (11th edn). Springfield, MA:

 

Merriam-Webster. http://www.merriam-webster.com/ (accessed 10 January 2014). Montgomery, A. (2011, November 26). The Dearth of Ethics and the Death of Lehman Brothers.

 

Retrieved from http://sevenpillarsinstitute.org/case-studies/the-dearth-of-ethics-and-thedeath-of-lehman-brother

 


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