House of Cards

Since the 2000 it has been noticeable by many incidents of U.S. corporate corruption, insider schemes and ethical violations. The scandals reinforced many people’s distrust of large corporations. Business ethics is the behavior that a business sticks to in its daily communication with the world. The ethics of a particular business can be diverse. They apply not only to how the business interacts with the world at large, but also to their one-on-one dealings with a single customer. In the article “A Framework for Thinking Ethically” ethics is define as the standards of behavior that tell us how human should act in the many situations in which they find themselves-as friends, parents, children, citizens, businesspeople, teachers, professionals, and so on. Furthermore conflict of interest is describe as a situation that has the potential to undermine the neutrality of a person because of the possibility of a clash between the person’s self interest and professional interest or public interest. Also it is explained as a situation in which you cannot do your job fairly because you will be affected by the decision you make.
The two people I chose to explain the conflict of interest are Cynthia Simmons’s mortgage broker and Ann Ruthledge, securities rater at Moody’s. In the first case, Cynthia Simons craved for a better life for her family. A mortgage broker from her church found the family a house in an upscale neighborhood. She thought she had found her dream house. 

Cynthia Simons says her broker “grossly exaggerated her income and without her knowledge arranged two mortgages... one a loan for her down payment, the other an adjustable rate mortgage on the home”. 

Now, Simons still has the house, but can no longer keep up with her mortgage payments. In this case the conflict of interest is very clear. The agent and the assistant had lied on the loan application, grossly exaggerating her income without her knowledge. “Lenders were more than happy to put thousands of