1. Ed Parker, the former head of Ameriquest’s Mortgage Fraud Investigations Depa
ID: 1198257 • Letter: 1
Question
1. Ed Parker, the former head of Ameriquest’s Mortgage Fraud Investigations Department was lost his job because he originated $10 million of loans for Ameriquest that defaulted after one month.
T or F
The FCIC fails to link unethical behavior of borrowers and lenders to the causes of the financial crisis of 2007-2008. The FCIC insists that the behavior of regulators and policy makers were the sole cause of the crisis.
T or F
Please base your answers to the following question on the March 12, 1933 Fireside Chat on Banking delivered by President Franklin D. Roosevelt: “The Fireside Chat on Banking”.
The President explains the currency is being supplied to banks so that the banks can reopen and meet the demand for currency by depositors. The currency supplied to individual banks is independent of the quality of the bank’s assets. This is to assure the public that no depositor will suffer any losses. FDR emphasizes that the government will absorb all losses rather than depositors.
T or F
Explanation / Answer
1. False. He was laid of with thousands of employees and was also kown as a whistle blower
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