From the “Working at Workouts” case, answer the following questions (1000 words):

1 – Why did Mike Burton default? Were his actions ethical in your view? Support your position with facts from the case, including financial analysis.
2 – What are the key options available to the special servicer and what are the pros and cons (financial and otherwise) of each option for Drive/Spiner?  Which option do you recommend and why?
3 – What concerns, including ethically-based concerns, would you have about proceeding with a workout (loan modification), if you were Sam Schey

***Notes to consider***
make sure you are not being spun by the presentation of a situation and are digging down to fully consider the facts before determining any resulting ethical obligations. Making a lot of assumptions from a little information and/or believing you are the smartest one at the table is a sure way to miss some good deals and get snookered into some bad ones through creating ethical obligations that dont really exist. Conversely, you can also miss an ethical issue that should be staring you in the face.

****Namely, that ethics arent an academic exercise with little application to the real world of business decision-making. Rather, they are an integral part of that decision-making****