Compared to the little slumps in our economy that are part of the business cycle, the slump that is happening now is caused by greed and bad ethics, says the article I read for this week. I think that people who are suffering right now because of their bad decisions or accidents don't have only themselves to blame. The mortgage companies' employees also tried to get the most out of the good economy by taking advantage of the system to their own gain are also to blame for their dishonest actions. Now the people who have been forced to foreclose their homes are facing the worst situation of having no roof over their heads.
David, Francis R. "Economic Slump: Ethics Loom Large". ABC News. September 20 2008. http://abcnews.go.com/Business/CSM/story?id=5800670&page=1. September 21 2008.
1 comment:
I've heard that if the slump continues, we'll be in a situation worse than the great depression. The government is trying to boost the economy, but I feel like they aren't doing a very good job.
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