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Business Ethics - Article Example

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Lawyers and the Housing Mess 1. By issuing subpoenas to the law firm of Steven J. Bau, New York state attorney general Eric T. Schneiderman is bringing out to the open the way lawyers have been processing thousands of foreclosures. Bau heads the state's largest foreclosure law firm…
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Business Ethics
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Business Ethics

Over the last few months errors have been found in foreclosure documentations across the nation, indicating a rush to get the paperwork done. Signatures and notary confirmations have been found to be fake. Baum's firm has processed over 50,000 foreclosure cases since 2007 and he has faced accusations of improper paperwork. Moral questions raise here deal with issues of fairness and justice. 2. In defense of Bau would be the need of banks to recoup their losses from the mortgage crises in property assesses in any way they can. Another defense would be it is wrong for people to sign their names to mortgage contracts when they don't have the ability to pay. 3. It would be interesting in this case to apply, for instance, John Rawl's veil of ignorance to a community of people in a natural state of existence, for example, who have no other considerations but their own rational amount of self-interest. Each of these people have natural hopes and also recognize each others dignity and natural liberties. These people would be morally violated if they did not have natural rights to such things as home and individual and social welfare. ... Read More
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