Legal Environment - How could government regulations

Legal Environment

Question 1

After viewing The Crisis of Credit Visualized (Links to an external site.) video, respond to each of the following:

• How could government regulations have prevented or mitigated the credit crisis of 2008?
• Discuss whether too much governmental regulation of business or too little governmental regulation of business presents the greater danger to:
  • the greater good
  • business

Question 2

 Some argue that government needs to increase its regulation of business for the good of society as a whole. Others believe that the marketplace is self-regulating and that government intervention through needless regulation places an unfair, costly burden on businesses in general and on 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?