Subprime Mortgage Cascade
http://www.investopedia.com/articles/07/subprime-overview.asp#axzz1deRQwD9N This article “The Fuel that Fed the Subprime Meltdown” written by Ryan Barnes discusses the specifics of how the subprime mortgage crisis occurred during 2007. In this article, Barnes points out that essentially, prior to the crisis, banks were lending money to people less-than-worthy credit and lending excessive amounts to people who were unable […]
« go back