AT CROSSROADS: HIGHERGOALS OR HIRED HANDS?- Dr. Shashank Shah

In the last decade, some over-greedy mortgage brokers, profit-chasing banks and financial institutions in the United States of America triggered the global financial crisis which exploded into a worldwide economic meltdown. The brokers lured high-risk buyers with poor or no credit history into accepting housing mortgages, and the financial institutions packaged these high-risk debts into Collateral Debt Obligations (CDOs) and sold them to unsuspecting investors across the world, many of them being retired employees who unknowingly invested their life’s savings in these toxic securities, and ended up losing all of it.
Read this guest blogpost by Dr. Shashank Shah, Business Author and Strategist to know more.