Goldman Sachs Abacus Fraud: SEC Case and Wall Street Ethics
During the subprime housing bubble, the investment firm Goldman Sachs sold investment instruments which contained many subprime mortgages likely to fail. While pushing those assets as highly recommended, employees 'bet' (sold short) that those assets would fail. When the market collapsed, Goldman made money, but its activities were later investigated by the SEC. This paper profiles that case.
Analysis of government website information access and public service purpose
Because of the size of federal government, there are often opportunities for businesses to work fiscally with the government. When businesses research the possibility of doing business with the government, the verbiage shows that while there are a number of steps necessary in order to qualify for government contracts, there are also tremendous opportunities.
When dealing with the ethical issues surrounding government contracts, it seems as there are several ways one could look at the issue. Many of the rules and regulations seem to be designed to protect the government from fraud and unethical behavior (standards, pricing, etc.), but also limit the potential for many smaller businesses to have the resources necessary to apply for governmental contracts.