Emory University, Goizueta Business School

Emory University, Goizueta Business School Emory University, Goizueta Business School

1300 Clifton Road, Atlanta, 30322, GA, US

Did post-crisis discipline work in mortgage industry?

Did post-crisis discipline work in mortgage industry? 2017-06-12
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Gonzalo Maturana

Emory professor Gonzalo Maturana looked at the mortgage crisis to uncover who was really penalized. In joint work two colleagues, Maturana found residential mortgage-backed securities (RMBS) bankers did not see big changes in their careers despite record-breaking penalties.

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papers.ssrn.com

Do labor markets discipline? evidence from rmbs bankers by john m. griffin, samuel a. kruger, gonzalo maturana :: ssrn

In the aftermath of the financial crisis, banks paid record fines for their role in fraudulent rmbs underwriting prior to the financial crisis. these civil acti

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