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Friends of Angelo

Friends of Angelo

Friends of Angelo

Watch the “Countrywide Financial Fraud” video. Describe how leadership impacted ethical decisions in Countrywide Financial, particularly in reference to the “Friends of Angelo” program.  What are the societal and stakeholder implications?

http://www.cengage.com/management/webtutor/ferrell_busethics/video/03-countrywide_financial_fraud_1.html

 

 

 

………………………Answer preview……………………
The Countrywide Financials – Friends of Angelo is a video based on business ethics. It highlights the challenges that the company Countrywide had when it implemented a policy aimed at giving Americans cheaper loans especially for mortgages. However, as the video highlights the policy did not work as anticipated. There was a lot of propaganda surrounding what Countrywide had intended on doing……………………

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