07/05/2015 17:02:00 • By SuperUser Account
When the dust settled after the 2008 subprime mortgage crisis, the financial sector, the media, and the federal government all came up with interpretations of the disaster. Eventually, we all heard different versions of the same story: bad loans got bundled in with the good, and when the bad loans failed, they took down the rest of the market down with them.
If you did a little deeper, there were also some underlying administrative failures at the banks, failures that could have been prevented ...
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