Business Ethic 1
After watching the documentary, Inside Job, create a thread and respond to the following questions about the mortgage securities business:1. What is your initial reaction to this documentary after watching it? Discuss.2. How does the creation and sale of mortgages as a Collateralized Debt Obligation or “CDO” change the residential real estate market during the period of 2001-2008? How is this different from prior, traditional mortgage lending?3. Discuss, with supporting evidence from the documentary, the ethical motivations of the financial services industry. Define and use an ethics perspective discussed in unit 2 that would justify the conduct of the industry in using CDO’s for mortgages. Define and use an ethics perspective discussed in unit 2 that would condemn the conduct of the industry.