Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
So That's Operational Risk! (How operational risk in mortgage-backed securities almost destroyed the world's financial markets and what we can do abou

So That's Operational Risk! (How operational risk in mortgage-backed securities almost destroyed the world's financial markets and what we can do abou

Robertson, Douglas

Paperback

General Reference

ISBN10: 1505375878
ISBN13: 9781505375879
Publisher: Createspace
Published: Jan 1 2015
Pages: 56
Weight: 0.34
Height: 0.12 Width: 8.50 Depth: 11.02
Language: English
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.

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