learning Six Sigma = boring

[atvrulz1]

I am learning six sigma through the expertrating.com website and it is beyond boring. Any survival tips to get through this. After learning the material, you can take a test and if you pass, you are certified as a black belt according to expertrating.com

Process Engineer with Medical Device, Polymer Extrusion and Food experience looking for work in Minnesota.

 

[GregLamberson]

csd72

The CRA was passed in 1976, but went dormant for 15 years +/-. Basically it made it against the law for financial institutions to discrinminate against minorities or low income folks. It stipulated that lending intsitutions could not turn down a higher percentage of low income (those that really couldn't legitamately qualify) than those of higher incomes. The 1st lawsuit against a financial institution was filed in 1993 and a series followed. That forced lending institutions to relax their standards or face lawsuits by the DOJ. Of course that led to risky loans and banks are in business to make a profit. They started looking at how they could cover their losses and potential losses and started packaging these as securities and those that bought them took great risks. It also artificially drove up housing prices because "everyone" could buy a house (supply & demand). That burst as we know and voila. That's a thumbnail, along the way were some who tried to scam the system, no doubt about it - lot's of blame to go around, but for the most part it was self-preservation and then it collapsed.

Greg Lamberson, BS, MBA
Consultant - Upstream Energy
Website:

http://www.oil-gas-consulting.com

 

[csd72]

Greg,

okay I stand corrected, there is more to it than I realised.

 

[ivymike]

At least no one has recited the theory my neighbor believes wholeheartedly: that the current recession was personally started by BH Obama shortly after he entered politics.

there's a good article on the subprime mortgage crisis here:

http://en.wikipedia.org/wiki/Subprime_mortgage_crisis

 

[Andy512]

There will always be a new "fad"

There is an entire industry based on "consulting"

Here is their business model:

1. Invent new shiny method to making widgets better.
2. Tell the world while collecting nice fees.
3. All the world now knows.
4. GOTO step 1.

Neverending.