An Accounting Student’s Thoughts, Questions, Analysis Of the Results of the Subprime Mortgage Crisis

0
43
An Accounting Student’s Thoughts, Questions, Analysis Of the Results of the Subprime Mortgage Crisis

What do you do in a crisis? As quickly as possible you assess the situation, and look for the fastest ways to stop impending danger. Once imminent danger has been averted, you then look for ways to fix underlying problem. You investigate the causes and eventually come up with a plan to correct the situation, alleviate causes and avoid having the crisis happen again. Finally you follow the plan to reach your desired goal. I believe much of what the US government did as the Sub-prime Mortgage Crisis was unfolding followed the above pattern. However the government has and is still in the process of falling down on the job of correcting the situation and avoiding the possibility of future recurrence.

Dejar respuesta

Please enter your comment!
Please enter your name here