Ethics in Financial Meltdown, Diversity and Discrimination

I have a two-part question:

1. Would you describe the financial meltdown in the 2007-2008 financial markets as a failure of “people” of our “capital market processes? Why? Provide supporting thoughts with ethical theory and examples.

2. Why is diversity and discrimination two important ethical factors that leaders should focus on while attempting to manage their workforce? Provide one example of how mismanaging these issues have had an impact on an organization? How would you explain the importance of this to your employees?

Requirements: One full page per question with 1 reference for each question (APA style).