The failure of Frannie Mae and Freddie Mac can be attributed to several weaknesses within the internal environment ranging from procedures and system failures to human capacity and ethical issues.

Identify five areas of Risks that the bank failed to mitigate adequately that could have contributed to the crisis at the bank in 2008.

Present one argument for each risk you identified above to demonstrate why the poor management of that risk contributed to the demise of that financial institution.

Provide one sound recommendation for each risk that you identified above that could have helped to mitigate or prevent the financial failure.