Final Research Paper Example | Topics and Well Written Essays - 2000 words

Final - Research Paper Example Economists and social scholars have termed the crash of the financial markets in the United States of America as a self-serving failure on the part of the regulations of the government. There were lapses and loopholes in the fiscal regulation deposed and an unimplemented by the government contributed to the financial crush. At this point and level, it may be needless to stress on the effects and impact of the financial crash since the effects and extent of the crash was felt far and wide. It however did cost the country as a whole to revive the economy such as the banks being forced to give mortgages band loans to people without proper credit worthiness record (Hartmann, Straetmans & Vries, 2004). Analysts and economic observes have raised concerns and issues such to the direction that the extent of the negative effects and consequences of the financial meltdown could have been avoided if there were proper regulations on banks and micro-credit institutions which gave out mortgages. In order to pursue this research to its logical conclusion and end, it would be imperative to gauge the macro and fiscal regulations which would be introduced along government policies to control the effects of the crash. Thus, this paper will delve into the concept and issue of fiscal policies which would be introduced hand in hand with the remedial policies by the United States government to help caution and prevent the economy in going into another financial markets crash. In principle, there are sectors and areas which would prove beneficial to this study so as to arrive at informed inference and recommendation (Hodgson, 2009). They include the policy sectors, the bank regulatory authorities and the financial markets as a whole. Therefore this research and study will seek to explore means and avenues which will caution the economy of

COMMERCIAL AWARENESS AND PROFESSIONAL ETHICS Essay

COMMERCIAL AWARENESS AND PROFESSIONAL ETHICS - Essay Example that professional ethics is a constant feature in the legal profession, modern legal practice has attracted renewed attention to how professional ethics applies to the profession. For example, while discourse on professional ethics in legal practice tended to focus more on sensational cases such as lawyers knowingly keeping a secret that is life-threatening, some modern scholars are advocating for an interpretive approach that focuses on ordinary cases. According to Markovits, using sensational cases to analyze or evaluate professional ethics in the legal practice is contrary to the principle that ‘great cases make bad laws’.1 The purpose of this paper is to assess the content and role of ethics in modern legal practice. Ethics is a broad topic. Even within the legal practice, the subject of ethics covers a wide range of issues and areas. There are volumes of books, articles, and publications on professional ethics as it applies to the legal practice. However, to understand the general content of ethics in the modern legal practice, it is important to focus narrowly on some of the most recent discourses on ethics. In this respect, the paper will focus on the Model Code developed and administered by the American Bar Association (ABA). Some of the main ethical issues contain the Model Code of client-lawyer relationship, professional integrity, and information management. It is worth noting that the Model Code has undergone various revisions to fit the modern legal practice because the original canons were specifically meant for the legal practice in the past.2 Under professional ethics for practicing lawyers, one of the fundamental principles is the need for a professional and confidential relationship between the lawyer and the client. Under this ethical principle, several issues are covered including confidentiality, fees, conflicts of interest, and professionalism. For instance, it would be considered unethical for a lawyer to engage with a client with whom