Many subprime mortgages were made with little documentation of income or ability to repay, or other elements that typically safeguard loans of all types and mortgages especially. There have even been cases of widespread fraud, where documents were falsified in order to approve loans. The reason many lenders were so eager to make these bad loans is that they weren't ultimately going to be responsible for them -- the loans were bundled into groups and sold as "mortgage backed securities," so instead of dealing with many individual loans worth an average of a few hundred thousand dollars, banks and other institutions were dealing with bundled groups of these bad loans worth millions of dollars apiece. Companies like AIG made money in the short-term by providing insurance policies for these mortgage backed securities, as well. Eventually,...
Once defaults began to stack up, all of the other dominoes began to tumble.
This flaw creates an incentive for firms to accumulate large sums of unpaid taxes over several years and then enter into negotiations with the tax authorities in order to remit small proportion of taxes. This flaw has been a constant feature of all tax reforms and thus makes the whole tax system less credible and more prone to abuse. Following the inadequate government intervention, it is clear that, in 2009,
Let's just talk here at the beginning about doing things differently. How about this -- are you right-handed? Gina: No, I'm left-handed, why? Therapist: What if I asked you to start brushing your teeth with your right hand. Tonight, after your dinner, use your right hand. Gina: Okay but that will seem weird and I might not be very good. Therapist: Once you do it for a while, how would that seem to
Crisis Management Uncertainty in regards to individual activities within a large student population is always a cause for concern. It is difficult to govern or even deter the questionable activities of a predominately young student population. This problem is exacerbated due to the rebellious nature of young students in regards to politics, social interactions, student programing and more. Public news often comes from universities with questionable activities such as fraternity hazing,
Crisis Management and Public Relations Strategies Individual Portfolio: Case Studies on Louis Vuitton, Miley Cyrus and PETA Louis Vuitton (Fashion Brand) The primary source of Louis Vuitton's success was the emergence of consumers with a desire in luxury, especially in emerging markets. However, the firm has made some decisions, which has seen consumers provide negative feedback. For instance, the company has introduced bags, which have logos. The logos have become the brands most visible
Crisis Case Study 2 is about Mr. Jones, the "fragile adult." Recently, a neighbor has brought attention to a case involving Mr. Jones and has asked for a crisis worker to help. Mr. Jones is an elder who lives alone, but whose son has been seen occasionally visiting. The neighbor and Mr. Jones go have coffee together regularly, but Mr. Jones has not wanted to meet in two months and no
Crisis Communication Communication is an essential component of effective crisis management. This is especially the case in a situation where the basic needs, health, and lives of thousands or even millions are at stake. In a situation where the water supply is at risk, for example, it is essential to establish a communication plan as soon as the risk becomes known. In this way any preventable cases of illness or death
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