Structured finance is often mentioned as the main cause of the most recent fiscal catastrophe. However, as this writer asserts, it was the result of poor risk management, bureau issues in the securitization market, and poor evaluation and pricing standards, among a multitude of other causes that made this catastrophe happen.
The writer prescribes strong measures to prevent a re-occurrence.
Publication Date: 11/01/2009
This is just an excerpt. This case is about Finance