Financial innovation: Wall Street's false utopia

Susanne Trimbath (STP Advisory Services, LLC, Omaha, Nebraska, USA)

Journal of Accounting & Organizational Change

ISSN: 1832-5912

Publication date: 20 March 2009



The purpose of this paper is to connect the dots between subprime mortgage lending and the financial crisis of 2008.


Descriptive analysis of structured securities.


The innovation of structured securities was incorrectly implemented in the case of mortgage‐related securities.

Research limitations/implications

There is no centralized source for data connecting mortgages with securities, thereby making a rigorous, statistical analysis impossible.

Practical implications

The US Congress authorized $700 billion to purchase “troubled assets,” defined as “residential or commercial mortgages and any securities, obligations, or other instruments that are based on or related to such mortgages … ” This paper exploits the difference between mortgages and those securities.


The paper extends knowledge on the topic of mortgage related securities.



Trimbath, S. (2009), "Financial innovation: Wall Street's false utopia", Journal of Accounting & Organizational Change, Vol. 5 No. 1, pp. 108-111.

Download as .RIS



Emerald Group Publishing Limited

Copyright © 2009, Emerald Group Publishing Limited

To read the full version of this content please select one of the options below

You may be able to access this content by logging in via Shibboleth, Open Athens or with your Emerald account.
To rent this content from Deepdyve, please click the button.
If you think you should have access to this content, click the button to contact our support team.