We describe the economic crisis that began in the U.S. mortgage market in late 2006 as a consequence of cascading operational failures linked to the securitization process. Operational risks including mortgage fraud, negligent underwriting standards and failed due diligence combined with modern finance to initiate a nearly catastrophic crisis in financial markets and a painful recession.
| Author: Douglas Robertson |
| Publisher: Createspace Independent Publishing Platform |
| Publication Date: Jan 01, 2015 |
| Number of Pages: 56 pages |
| Binding: Paperback or Softback |
| ISBN-10: 1505375878 |
| ISBN-13: 9781505375879 |