1. What were the warning flags at the investment banking firms? 2. What were the warning flags...
Question:
1. What were the warning flags at the investment banking firms?
2. What were the warning flags at the mortgage marketing firms?
3. What, if any, should be the penalties to the senior executives?
Countrywide Financial and Washington Mutual – were taking so many actions that were so clearly the wrong, unjust and non-fair things to do, and apparently doing so with so much glee and enthusiasm.
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1 Why didnt a lower level employee at one of the investment banks that was purchasing repackaging and then reselling those mortgages suggest to his or her superiors that he or she should go out to one ...View the full answer
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