Surname 1
committed suicide. He felt the urge to expose what actually happened with mortgage-backed
securities. Gomez goes gambling at Las Vegas and tells the audience that fans will bet that she
will either lose or win but those who placed the correct prediction were similar to the individuals
who predicted that the MBS would collapse. Another unethical instance is portrayed where
Anthony Bourdain, a prominent television host and chef stews for clients fish which has not been
sold for three days. The customers being unaware consume fish that is probably rotten. Bourdain
then asserts that that is exactly what happened with the risky Wall Street security mortgages.
Wall Street sold such risk securities to several banks claiming the securities were very fine.
Those who created the risky financial security crisis are instead bailed out with
taxpayers’ money instead of being punished. The media should not blind the masses by
portraying businesses as being positive and objective oriented when in real sense these are
negative businesses which are quite unethical and risky to invest in. It is the duty of the media to
provide facts as they are and not altering them to fit certain deceptive goals. The media kept
people in the dark and portrayed Wall Street as being financially fit only for investors to lose
their funds upon the collapse of these financial institutions.
In conclusion, it would be important that an investor conducts a thorough personal
research about a business before investing in it as opposed to relying on media information
because media may be given verywrong information.
