The Personal Costs of Subprime Lending and the Foreclosure Crisis: A Matter of Trust, Insecurity, and Institutional Deception*

2011 ◽  
Vol 92 (1) ◽  
pp. 140-163 ◽  
Author(s):  
Lauren M. Ross ◽  
Gregory D. Squires
2016 ◽  
Vol 13 (2) ◽  
pp. 365-377 ◽  
Author(s):  
LeConté J. Dill ◽  
Orrianne Morrison ◽  
Mercedez Dunn

AbstractWaves of migration to and flight from Atlanta by both White and Black residents and businesses have constantly imagined and re-imagined the city as both politically regressive and racially progressive, and from an environmental health perspective, as both a riskscape and a safe haven. We argue that the persistent racial, social, environmental, and health inequities in Atlanta have been fostered and exacerbated by the exponential growth of the city and the persistent rhetoric of it being “the city too busy to hate.” This paper is informed by extant research on housing and transportation policies and processes at work in Atlanta since the end of the Civil War, and in particular, the predatory and subprime lending practices during the past thirty years. This paper examines how young people, living in a neighborhood where over 50% of the houses are currently vacant and contending with threats of school closures, experience the contemporary foreclosure crisis. Using qualitative data from focus groups with middle school youth, this paper offers youth-informed perspectives and local knowledge by offering responses of marginalized populations in Atlanta who inhabit, rather than flee, their built and social environments.


2011 ◽  
Author(s):  
Dan Immergluck ◽  
Frank S. Alexander ◽  
Katie Balthrop ◽  
Philip Schaeffing ◽  
Jesse Clark
Keyword(s):  

Author(s):  
Susan M. Wachter ◽  
Karl Russo ◽  
Jonathan E. Hershaff
Keyword(s):  

2001 ◽  
Vol 20 (1) ◽  
pp. 45-63 ◽  
Author(s):  
Steven E. Kaplan ◽  
Stacey M. Whitecotton

An AICPA ethics ruling prohibits auditors from considering employment with a client during the audit engagement in order to minimize the concerns that financial statement users may have regarding the auditor's independence, in fact or appearance. The objective of this study is to examine auditors' reporting intentions when it is discovered that another auditor is considering employment with the client and has failed to comply with the ethics ruling. We test a model that predicts that auditors' reporting intentions will be influenced by their perceptions of the seriousness of the act, the personal costs of reporting, their responsibility for reporting, and their commitment to the accounting profession. The results indicate that auditors' reporting intentions are stronger when personal costs of reporting are perceived to be lower or personal responsibility for reporting is perceived to be higher. Implications of the findings for audit practice are discussed.


2020 ◽  
Vol 7 (1) ◽  
Author(s):  
Christopher T Robertson ◽  
K Aleks Schaefer ◽  
Daniel Scheitrum ◽  
Sergio Puig ◽  
Keith Joiner

Abstract Economic insights are powerful for understanding the challenge of managing a highly infectious disease, such as COVID-19, through behavioral precautions including social distancing. One problem is a form of moral hazard, which arises when some individuals face less personal risk of harm or bear greater personal costs of taking precautions. Without legal intervention, some individuals will see socially risky behaviors as personally less costly than socially beneficial behaviors, a balance that makes those beneficial behaviors unsustainable. For insights, we review health insurance moral hazard, agricultural infectious disease policy, and deterrence theory, but find that classic enforcement strategies of punishing noncompliant people are stymied. One mechanism is for policymakers to indemnify individuals for losses associated with taking those socially desirable behaviors to reduce the spread. We develop a coherent approach for doing so, based on conditional cash payments and precommitments by citizens, which may also be reinforced by social norms.


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