This case targets the fiscal problems confronted in the US from their origins in subprime financing as well as August to December 2006. After discussing how mortgages were structured and dealt in the pre-1990 period, it describes subprime mortgage financing, as well as other advanced mortgages.
In addition, it chronicles the reply of the US and European central banks to the fiscal difficulties that are unfolding. Lastly, the case puts policies which were proposed to cope with the causes of the crisis or the effects. Included in these are policies for altering bankruptcy rules, reforming the oversight of the fiscal system and regulating mortgage finance. Some attention is paid to the function of credit rating agencies in the catastrophe, and in the fiscal system as a whole.
Subprime Meltdown American Housing and Global Financial Turmoil, Chinese Version case study solution
PUBLICATION DATE: January 18, 2008 PRODUCT #: 714C08-HCB-CHI
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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