Fannie and Freddie buy mortgage loans from banks‚ package them into securities and sell them to investors. The idea is to free up banks to make more loans. If a loan defaults‚ Fannie and Freddie guarantee payments to the investors. According to the lawsuit‚ Fannie and Freddie don’t review the loans before they purchase them. Instead‚ they rely on banks’ statements that the loans meet certain qualifications. As a result‚ “the hustle” began. Employees were getting bonuses for the houses they sold instead
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private problems to court more readily than the people of any other country. I do not agree with the article‚ Corp Reform-Not Tort Reform. Indeed Tort Reform is essential. The impact of tort claims is gargantuan‚ in retrospect to other types of lawsuits.
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John Watson MT302 Organizational Behavior Unit Three: Case Incident 2 Whistle Blowers: Saints or Sinners 6/27/09 Whistle Blowers: Saints or Sinners 1. Do you believe that whistle-blowing is good for organizations and its members‚ or is it‚ as David Stetler believes‚ often a means to extort financial gains from companies? Is having strong ethics whether they are ethical or unethical practices makes it easier for a person to take action than for that person to process the making
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Negotiation Process Article Analysis Organizational Negotiations MGT445 Negotiation Process Article Analysis The several negotiation strategies include collaboration‚ accommodation‚ competition‚ and avoidance (Lewicki‚ Saunders‚ & Barry‚ 2006). Depending on the situation‚ one strategy may be more effective than another strategy. Two such instances in which different negotiation strategies were applied are Negotiating New Vehicle Purchases (Craver‚ 2005) and Town Settles Mall Suit (The Daily
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consequences for current and future generations. This goes against the principles of act utilitarianism. 2. Is American industry at too much risk of lawsuits to remain competitive? Should companies trying to develop drugs be given immunity from lawsuits? No‚ American industry is not at too much risk of lawsuits to remain competitive. Lawsuits act as a check and balance to protect the rights of American citizens from unscrupulous corporations. However‚ it is not easy for an ordinary citizen to
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origin‚ sex‚ age‚ or disability (U.S Department of Health and Human Services‚ n.d.). There is also medical malpractice that can affect the physicians as well as Hospital Bass. Dealing with lawsuits such as malpractice‚ negligence and discrimination can cost hospital hundreds to millions of dollars in lawsuits. Therefore‚ the directors and CEO have to decide what the safest and cheapest route is to move towards. Lastly‚ they are also other financial ramifications and concerns that can occur‚ such
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they may be more willing to settle” (Schorsch‚ 2012‚ p. 1). Phases: There are a few steps one must take to file a civil lawsuit. Complaint:
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supermarkets‚ convenience store‚ local delicatessens‚ gas stations and other outlets selling reheatable food. In May 2001‚ a class action lawsuit was filed against the world’s largest fast-food chain McDonald’s‚ in Seattle‚ US. The lawsuit alleged that the company had‚ for over a decade‚ duped vegetarian customers into eating French fries that contained beef extracts. The lawsuit followed a spate of media reports detailing how the French fries served at McDonald’s were falsely promoted as being ’100%
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The same-sax marriage was a disputed topic that everyone would like to speak‚ but no any political will or popular sentiment for it until recently. In the case United States v. Windsor‚ the United States Supreme Court declared that same-sex couples are recognized by federal law and can receive federal benefits which the estate would have qualified for a marital exemption‚ and no taxes would have been imposed. Edith Windsor‚ who married to Thea Clara Spyer in Canada in 2007‚ after she lost her spouse
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1998‚ alleging sex discrimination. A formal charge was filed three months later. Ledbetter then took early retirement in November. She claimed she was given poor evaluations and denied raises other workers had been given‚ all because of her sex. Her lawsuit alleges her starting salary was in line with men performing similar work‚ but dropped in comparison over the years to the 15 other area managers‚ all of who were men. Her pay was 15 to 40 percent less than her fellow managers. Both the EEOC and
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