Can We Expect A Regulated CDS Market? Derivatives Project Xilin Yang (Celine) Introduction The article introduces credit default swaps and explores the problems of the credit derivatives. By analyzing the AIG’s bailout‚ the article describes the regulation gap in the CDS market and states the regulation reform after the crisis. Part I is background‚ generally introduces the Wall Street crisis. How it happened? What consequence it has? Part II is mainly about AIG’s CDS business: how AIG
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Deontological ethics or deontology (from Greek δέον‚ deon‚ "obligation‚ duty"; and -λογία‚ -logia) is an approach to ethics that judges the morality of an action based on the action’s adherence to a rule or rules. Deontologists look at rules[1] and duties. It is sometimes described as "duty" or "obligation" or "rule" - based ethics‚ because rules "bind you to your duty".[2] The term "deontological" was first used in this way in 1930‚ in C. D. Broad’s book‚ Five Types of Ethical Theory.[3] Deontological
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today is the ethical development. We discussed the similarities and differences of utilitarianism‚ the virtue theory‚ and deontological ethics. Thus‚ further understanding of these behaviors will enable an individual to realize that social responsibility and ethics are important when it comes to business and personal success. We will analyze the differences in terms of how each of these theories addresses both morality and ethics. Thus‚ we include a personal experience that explains the correlation between
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If I subscribe to the deontological theory of thought‚ the answer is a resounding no! According to Geuras and Garofalo (2011)‚ “...deontological ethical theory is one which maintains that the ethics of an action does not depend on the consequences‚ but upon an important feature of the act itself. ...that feature is the obedience of an action
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Stephanie N. Herr November 30‚ 2008 The Government Bailout‚ Who Benefits? The big three American automobile companies are showing considerable operating loses. GM is losing $1 billion or more a month. How does a capital injection help? The companies will just burn through the cash (using it to pay labor or pay off debts‚ old and new‚ until it is gone). The banks‚ on the other hand‚ that are receiving bailout funds have operating profits‚ they can borrow low and lend high‚ but suffer from
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GENERAL MOTORS BAILOUT PROBLEM Introduction Founded in 1908‚ General Motors has been one of the largest corporation and the second largest automaker in the world coming after Toyota. For 77 consecutive years from 1931 to 1908‚ GM has been a leading automaker and marketer as ranked by the total number of units sold yearly. General motors have also been a leading employer not only in the United States but also in other parts of the world where it operates. However‚ the company has been seriously
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major distinction between utilitarian and deontological reasoning. Make reference to all relevant aspects of the two positions including the ’act’ and ’rule’ versions along with pertinent examples that clarify your answer. The major distinction between Emmanual Kant’s deontological reasoning and Mill’s utilitarian reasonsing is that deontological reasoning refers to duty‚ which is usually determined without regard to circumstances or consequences where as utilitarian reasoning always considers
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Thomas Sikkema Professor John Schneider Ethics 102 25 February 2015 Deontological Moral Theory: Immanuel Kant Deontological moral theory is defined as the morally right thing to do is to do whatever is your duty. A scenario in which this theory could be used is the following: a close friend of yours dies. He has set aside $10 million to give to his favorite sports team‚ the New York Yankees. You promised him that you would give the money to the team because that was your friend’s last wish. Generous
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for GM and Chrysler‚ and to keep making auto loans available for car buyers. Ford Credit planned to use funds from the Term Asset-Backed Securities Loan Facility (TALF)‚ a government program for auto‚ student and other consumer loans. The auto bailout proposal from the Big 3 auto companies totaled $34 billion in government loans. In return‚ the companies promised to fast-track development of energy-efficient vehicles‚ and consolidate operations. GM and Ford agreed to streamline the number of brands
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Kant’s deontological moral theory states that actions that are morally right from the motive must derive from duty rather than desires (Kemerling). The ultimate principle of morality must be a moral law that guides us in the right direction in any circumstances (Kemerling)
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