Date of Completion
Accounting | Business
This paper explores the financial crisis of 2007-2010 and its causes, including: questionable monetary policy, loose lending standards, the emergence of structured finance products designed to conceal the true risk of subprime loans, a lack of independence and due diligence on the part of credit rating agencies, and the failure of oversight bodies to properly monitor or regulate the parties responsible for the crisis.
Nemchek, Kyle, "Recession Transgressions: Financial Mishaps that Led to the Credit Crisis" (2010). Honors Scholar Theses. 164.