Subprime mortgages are high-risk, high-cost loans, which banks use to cater to borrower who would not qualify for credit otherwise. Managers at some banks and mortgage companies have argued that...

Subprime mortgages are high-risk, high-cost loans, which banks use to cater to borrower who would not qualify for credit otherwise. Managers at some banks and mortgage companies have argued that providing subprime mortgages was based on their desire to give poor people a chance to participate in the American dream of home ownership.  Considering ethical approaches to decision-making, what is your opinion of this explanation in terms of ethics and social responsibility?