The Subprime Mortgage Crisis Term Paper by Top Papers

The Subprime Mortgage Crisis
A discussion on how a Chief Financial Officer could prevent a subprime mortgage crisis from happening again.
# 138802 | 750 words | 0 sources | MLA | 2008 | US
Published on Dec 01, 2008 in Business (Accounting) , Economics (National) , Hot Topics (General)


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Description:

The paper describes how the major banks basically underpinned questionable securities using high-risk mortgages - and how this contributed to a devastating subprime mortgage crisis in 2007. From there, the paper briefly highlights how this tragedy can be averted in the future through assertive action from a strong-minded Chief Financial Officer and through revised accounting procedures. The paper emphasizes that a smart CFO will eliminate altogether questionable accounting practices and make sure that all loans are put 'on the books' so that organizational transparency will be ensured - and so that risk management becomes something other than a vague concept financial elites pay lip service to.

From the Paper:

"The following paper will describe how the major banks basically underpinned questionable securities using high-risk mortgages - and how this contributed to a devastating subprime mortgage crisis in 2007. From there, the paper will briefly highlight how this tragedy can be averted in the future through assertive action from a strong-minded Chief Financial Officer and through revised accounting procedures. In the end, a smart CFO will eliminate altogether questionable accounting practices and make sure that all loans are put `on the books' so that organizational transparency..."

Cite this Term Paper:

APA Format

The Subprime Mortgage Crisis (2008, December 01) Retrieved December 06, 2022, from https://www.academon.com/term-paper/the-subprime-mortgage-crisis-138802/

MLA Format

"The Subprime Mortgage Crisis" 01 December 2008. Web. 06 December. 2022. <https://www.academon.com/term-paper/the-subprime-mortgage-crisis-138802/>

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