Secured Credit: A Systems Approach (Hardcover)

by Lynn M. Lopucki (Author), Elizabeth Warren (Author)

Product Details

• Hardcover: 708 pages
• Publisher: Aspen Publishers; 6 edition (December 12, 2008)
• Language: English
• ISBN-10: 0735576491
• ISBN-13: 978-0735576490
• Product Dimensions: 10.2 x 7.3 x 1.6 inches
• Shipping Weight: 2.6 pounds (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars See all reviews (2 customer reviews)
• Amazon.com Sales Rank: #104,203 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

4.0 out of 5 stars How to reduce Systemic Risk?, July 1, 2009

By	Laurent Pacalin (Palo Alto, California) - See all my reviews (REAL NAME)

"This financial crisis started one mortgage at a time," Dr. Elizabeth Warren, the Harvard Law School professor who chairs the Congressional oversight panel on government bailout spending, told The New York Times on June 18, 2009. Yes, and despite the enormity of the task facing us, there is a good place to start, to reduce systemic risk, where we can gain swift traction, and that is with microdecisions - the innumerable individual economic decisions financial professionals and consumers make every day on a global basis. To be clear, I'm not talking about trivial mini-decisions. Microdecisions are the fundamental building blocks of the economic system on all levels.

Beneath the fearsome complexity that can obscure the working of markets, the value of all financial relationships is still defined by the quality of the underwriting - defining underwriting in the broadest possible sense. The old rules still rule: Know your borrower. Know your lender. It's a simple concept, but the market environment in recent decades has made it harder and harder to execute. We must repair the markets in a way that enables 360-degree underwriting based on clear, transparent, trustworthy data and relationships.

Laurent Pacalin
Chief Marketing Officer at FICO

1 of 4 people found the following review helpful:

5.0 out of 5 stars One of the best books I have used in law school, January 27, 2008

By	D. Lynch (Columbus, OH) - See all my reviews (REAL NAME)

This review is from: Secured Credit: A Systems Approach (Hardcover)

This is an excellent book, and the systems approach taken by Lopucki and Warren is an extremely effective way to tackle a difficult subject.