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Categories : Communications , Ethics , Leadership , decision-making Echo Garrett is the National Practice Manager for KPMGs Financial CreditRisk practice and a Co-Founder of "Her Voice", a National Womens Organization that brings women together for local support and charitable opportunities.
Most of these “affordable” loans were in fact sub-prime, “for persons with blemished or limited credit histories,” and “carry a higher rate of interest than prime loans to compensate for increased creditrisk,” according to HUD.gov. But was it a new financial world?
By adroitly managing a soft landing in the mid-1990s, then, the Fed conditioned markets to expect further such competence and economic stability, setting the stage for the great stock market bubble of the late 1990s. Economy FinanceManaging uncertainty' But I think the man is on to something.
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