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Abstracts prior to volume 5(1) have been archived!

Issue 5(1), October 2010 -- Paper Abstracts

Girard  (p. 9-22)

Cooper (p. 23-32)

Kunz-Osborne (p. 33-41)

Coulmas-Law (p.42-46)

Stasio (p. 47-56)

Albert-Valette-Florence (p.57-63)

Zhang-Rauch (p. 64-70)

Alam-Yasin (p. 71-78)

Mattare-Monahan-Shah (p. 79-94)

Nonis-Hudson-Hunt (p. 95-106)

JOURNAL OF ACCOUNTING AND FINANCE

Interaction of Multiple Failures: A Linear Path to Our Financial Crisis

Author(s): Farrell Gean, Virginia Gean, Aaron Devenport

Citation: Farrell Gean, Virginia Gean, Aaron Devenport, (2013) "Interaction of Multiple Failures: A Linear Path to Our Financial Crisis," Journal of Accounting and Finance, Vol. 13, Iss. 6, pp. 11 - 28

Article Type: Research paper

Publisher: North American Business Press

Abstract:

In 2008 a slow and subsequent reversal of growth in the housing market resulted in a massive downturn

on Wall Street and ultimately a global recession. This article examines the leading causes of the financial

crisis, including poor lending practices by banks, biased credit ratings by the leading rating agencies, the

lack of effective government regulation on the industry, housing speculators, and the Federal Reserve’s

monetary policy. The interaction of these different roles all of which reflect a “something for nothing

mentality” is presented as a linear path to a global financial crisis.