Cause And Effects Of Corruption
Corruption takes place when people occupying public office use it for private gain. Governments both in developed countries and the developing countries have been toppled by corruption scandals.
Economic growth has been slow in many countries as the funds have been misused and have not reached the poor.More...
Reducing Police Corruption
Police corruption consists of abuse of position and committing a criminal act under the color of law. Unprofessional misconduct, improper relationship with criminals, insubordination, nepotism and unauthorized disclosure of information are all signs of deviation from normal behavior and is an unhealthy trend. If such conduct by police officers is left unchecked, can give rise to a bigger problem where other honest officers get encouraged to follow their misbehaving colleagues.
It starts with the assumption that corrupt police are made and they are not born. To a large extent, the organization is to be blamed and the checks and balances which are expected to correct the system are not in place or ineffective. More...
Causes Of Graft And Corruption
Corruption is known to flourish in a country where a large number of laws and regulations are at work to restrict business and economic activity. In addition, if the restrictive measures are complex and opaque and applied in a selective and non-transparent manner this becomes a fertile ground for officials to utilize the opportunity for making money. If there are no institutional mechanisms to hold people enjoying power to be accountable then it becomes all the more difficult to put a stop to corruption.More...
Mortgage Brokers Corruption
As mortgage markets became competitive, the mortgage broker found a role for himself in bringing the borrower and lending institution together. Nearly 68 percent of residential loans in the U.S. are handled by mortgage brokers. They find the borrowers, qualify them and process the paperwork associated with mortgaging real estate.
Mortgage broker works as a middleman between the borrower and the lender. Since their overheads are less, they are able to offer competitive rates to attract clients. More...