Dangerous Opportunities: The Future of Financial Institutions, Housing Policy, and Governance by Stephanie Ben-Ishai
English | September 12th, 2021 | ISBN: 1487506082 | 208 pages | True EPUB | 0.40 MB
The 2017 Home Capital saga represents the shortcomings of a financial system challenged by distinct, siloed regulatory frameworks that fail to communicate with each other. Home Capital is a publicly traded company that acts as a lender through the Home Trust Company, most often providing mortgages to clients rejected by traditional banks. Home Capital’s 2017 announcement that it required $2 billion to sustain a $600 million loss shook customer confidence, and fueled by allegations of corruption, they suffered a rapid decline in stock price.