Assignment:
Regulation and the Greater Good
After viewing The Credit Crisis Visualized at https://vimeo.com/3261363, answer each of the following parts of this question:
Question 1. How could government regulations have prevented or mitigated the credit crisis of 2008?
Question 2. Discuss whether too much governmental regulation of business or too little governmental regulation of business presents the greater danger to:
a. the greater good
b. business
Administrative Law and Business
Question 1. Administrative Law and Business. Some argue that government needs to increase its regulation of business for the good of society as a whole, while others believe that the marketplace is self-regulating and that government intervention through needless regulation places an unfair, costly burden on businesses generally and small businesses in particular. What role do you believe government regulation should play to ensure ethical conduct by businesses? How do different political viewpoints potentially shape the answer to this question?