Business paper "Abacus: Small Enough To Jail"

timer Asked: Feb 4th, 2018
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Question description

Please watch the rest of the video "Abacus: Small Enough To Jail". There is a written assignment regarding the video shortly. Please answer the all questions of the document. there is no limit words for paper.

FIN 431 - Part B - Test #1 As part B of your Test #1, please answer the following questions thoroughly. This will be graded. Your opinions on these questions is important but do your best to support them with fact. You have a week to complete this assignment, so I expect a professional presentation and I expect more than one word or one sentence answers. Please tvpqyour answers. This is due in class Tuesday, February 5th at the beginning of class. 1. Ababcus was found not guilty on all charges. Despite that, they did sell loans to FNMA that contained fraudulent documentation. Perhaps the intent to defraud was not there or proven, but should they have been found guilty of selling fraudulent loans? Wasn't Abacus and their loan review folks responsible for the quality control of the loans they sold? 2. Several other larger (much larger) banks admitted to selling loans to FNMA that contained fraudulent documentation. They were only fined and no criminal charges were filed. Why then was the government so intent on convicting Abacus instead of just fining them? that Abacus had a low default rate on their home loans have any bearing on the fact they sold fraudulent loans to FNMA? Why or why not? Does the fact that iust about every other bank did this mean Abacus should be able to do it too? Why or why not? 3. Does the fact to pay for what happened during the housing cisis. Somewhere, you and I are paying for the transgressions of these banks and lenders. Yes, the big banks were fined but what impact did all of this have on consumers and you? 4. There is no free lunch, somebody has

Tutor Answer

School: Duke University

Hey lol, find the attached😙


Abacus: Small Enough to Jail

Student’s Name

Institutional Affiliation




Abacus may have been found guilty on all charges, but the incidences of fraud occurred
at the very low level and in fact the lowest default rates of any institution in America. Th...

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