bus law 2 db2 - government is not entirely blameless. The...

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Recently, the United States has "bailed out" a number of banks, some insurance companies and two automobile companies. Several of the businesses that have been bailed out have used some of the money that they got from the United States government to pay large bonuses to executives, to host elaborate parties for employees and customers, and even to sponsor a Major League Baseball stadium. These payments are not illegal but they have certainly called into question how proper it is to spend taxpayers money this way. What are the ethical questions involved in these cases? If something is wrong with what is happening in these cases, but what is happening is not illegal, what are the problems? Although the companies may have mislead the US government about their finances and what they planned to do with the bailout monies, the US
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Unformatted text preview: government is not entirely blameless. The companies have a moral and ethical duty to their employees and the US taxpayers to use the money to help save the companies and not line the pockets of a select few. The US government however, has been given the duty to spend tax monies wisely and assist the economy for the good of all US citizens, not just the good of a few. If in fact the recipients of the bailout money have not broken any laws, then shame on the government. The money should have been in the form of grants with specific guidelines as to what it can be used for and a reporting system to keep all recipients on the straight and narrow. It doesnt matter what the money was used for, if its not in the guidelines, its not a legitimate expenditure....
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This note was uploaded on 01/30/2012 for the course BUL 329213 taught by Professor Singletary during the Spring '11 term at Florida State College.

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