Put yourself in the shoes of a person running a small, local S&L in the late 1980s.

If you refuse to take on risk, something that you have always tried to do, depositors will move their funds to riskier investments, which offer higher interest rates. Eventually your S&L could be bankrupt. Your depositors will be protected by federal insurance, but you, your employees, family, and community will suffer.

Alternatively, you could do what many of your peers are doing—make riskier investments. If you make good choices, your S&L may survive, and you could become very rich in the process. If you do not, it will go bankrupt sooner. What is the ethical thing for you to do? Why?