Question

During the Great Recession, mortgage brokers and providers sold more mortgages to home buyers, and investment firms on Wall Street packaged these mortgages into investment products that were in turn sold to investors. They all got paid and were often paid well. The rewards were so extreme that the cycle became self-reinforcing. Mortgage brokers did what was necessary to finance more homes, and Wall Street firms created new and more sophisticated packages of mortgages to attract more investors, not just in the U.S. but around the world. The mortgage brokers and providers, and investment firms were making decisions that served their self-interests. This was an example of what ethical decision-making perspective? A. Deontological ethics B. Egoism C. None of these answers are correct. D. Categorical imperative E. Utilitarianism

          During the Great Recession, mortgage brokers and providers sold more mortgages to home buyers, and investment firms on Wall Street packaged these mortgages into investment products that were in turn sold to investors. They all got paid and were often paid well. The rewards were so extreme that the cycle became self-reinforcing. Mortgage brokers did what was necessary to finance more homes, and Wall Street firms created new and more sophisticated packages of mortgages to attract more investors, not just in the U.S. but around the world. The mortgage brokers and providers, and investment firms were making decisions that served their self-interests. This was an example of what ethical decision-making perspective? A. Deontological ethics B. Egoism C. None of these answers are correct. D. Categorical imperative E. Utilitarianism

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