Case Study:
Read "Citicorp and Subprime Lending" . Answer the following questions:
Question 1. Are there moral concerns associated with subprime lending? Are those moral concerns based on utilitarianism, rights, or justice considerations?
Question 2. What should CitiFinancial do about single-premium life insurance?
Question 3. What should CitiFinancial do about the other allegations of abuse?
Question 4. Should Citigroup support the efforts of ACORN and AARP to weed out unscrupulous practices? Should it support tighter regulatory supervision of the subprime lending market?
Question 5. What policies should Citigroup adopt for subprime lending?
References:
Baron, D. P. (2010). Business and its environment (6th ed.). Upper Saddle River, NJ: Prentice Hall.