Age was used to support stable the economy,

Age of Greed establish
how the devoted and selfish pursuit of vast personal treasure has been on the growth
in the United States over the last 40 years. Gordon Gekko’s arguments, detentions the
soul of a very tangible era: the Age of Greed. This remained a period that
starts when the first financial products were introduced on the Chicago
Mercantile Exchange in 1972 and ended with Lehman’s failure in 2008. It was a
time when ‘greed is good’ and ‘bigger is better’ were the dual-mottos that seemed
to support the American Dream.

 

The
story of Gordon Gekko becomes the heart of the environment of greed. The term
‘greed’ has etymological roots that relate to ‘hunger’ and ‘eagerness’. Greed turns
like a disease in society – whereby an essentially strong cell in the body
becomes selfish and ends up extinguishing its host. As significant as the
greedy cell is the environment which allows it to live and succeeds. The Age of
Greed remained not just something ‘out there’. It was not the sphere of a few crook
traders. It is in detail a multi-level sensation, incorporating exclusive
greed, banking greed, financial bazaar greed, corporate greed and ultimately
the greed rooted in the capitalist system.

 

“The Fall of the House of the Lehman
Brothers” (Fraser, 2009), one of the eldest groups in the United States on Wall
Street, delivers a flawless illustration of how the regulation of free-market,
greed, influence, and rapid fix solutions infects companies and businesses. Originated 158 years ago it was one of the major
investment banking society in the United States of America. Over the 1930s, the
Lehman Brothers prolonged into bleakly Securities industry when the U.S
government forced all financial unions to choose between profitable banking and
Securities.

 

 During the economic collapse
of the 2007-2008 financial disaster state of the messy economy was in a shocking
state. There were numerous sustainable features that was used to support stable
the economy, but even though that only several economic societies were saved by
the government active tactics. The bankruptcy and failure of the Lehman
Brothers residue a catastrophe and instead of following procedure of saving the
Lehman Brothers business, the government take a seat and let the Lehman
Brothers to crash. 

 

Greed, pressure to
remain cheap and the ravenous pursuit for rapid incomes and made Lehman powerless
to meet the future financial doom that was to succeed it. This made it to act
in so many immoral manners and interrupt basic CSR laws. The bankruptcy of
the Lehman Brothers delivers
a logical illustration of how people and industries let the obsession of temporary
greed and influence to control their choices.