To Explore The Ethics Of Financial Practitioners Of Moral Responsibility

The Wall Street in US experienced a great "storm" in Autumn,2008, which was also called "U.S Financial Storm" or "Wall Street Financial Storm". Some report compared this storm with the U. S. stock market crash and the Great Depression in 1929. During the great financial crisis, the top five investment banks in America were ill-fated. As the financial crisis sweeping the globe, Bear Searns, the fifth-largest U. S. investment bank with 85 years of ups and downs, became the first investment bank buried in the sub-prime market, and closed in June 2008. Then, on September 15 the same year, Bank of American issued a statement that acquired the third largest investment bank Merrill Lynch for total close to 50 billion U. S. dollars, or about 29 dollars per share. Almost at the same time, Raymond Brothers holding Inc, with 158-years history, filed for bankrupcy protection due to the over-serious subprime loss. This could be the largest bankrupcy case since the bankrupcy of Junk bond specialist Drexel Burnham Lambert in 1990.The financial system, which is different from other industrial systems, has its own unique social responsibility. It can guide the consumption in a reasonable way to ensure the normal development of the national economy, and can also mislead the consumption leading to abnormal development of the national economy. The financial system can control the fund flow to stimulate the economic development in both macro and micro way, and promote the development of enterprises by loans. It can also lead to an economic bubble by over-lending and over stimulating consumption. Financial professionals run a driving force in the financial industry, the moral responsibility of financial professionals influents the financial industy and even the stable development of the whole financial market. As the fast development of science and technology, economic and material life, it has been frequent that financial professionals profiteering through various high-tech means and even crimes. There are various indications that moral responsibility of financial professionals are deteriorating over years. Therefore, it is urgent to promote the moral responsibility of the financial personnels, which can further improve the financial integrity environment and the social moral construction.Based in accordance with the theory analysis tool, this essay analyzes the moral responsibility conduct of the financial professionals, trying to explore the issue of possible moral responsibility so that they could guide consumption and investment in the reasonable way to promote a stable and healthy development ofinancial market.