TY  - JOUR
AB  - Purpose– The purpose of this paper is to connect the dots between subprime mortgage lending and the financial crisis of 2008.Design/methodology/approach– Descriptive analysis of structured securities.Findings– 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.Originality/value– The paper extends knowledge on the topic of mortgage related securities.
VL  - 5
IS  - 1
SN  - 1832-5912
DO  - 10.1108/18325910910932232
UR  - https://doi.org/10.1108/18325910910932232
AU  - Trimbath Susanne
PY  - 2009
Y1  - 2009/01/01
TI  - Financial innovation: Wall Street's false utopia
T2  - Journal of Accounting & Organizational Change
PB  - Emerald Group Publishing Limited
SP  - 108
EP  - 111
Y2  - 2024/09/24
ER  -