US recession – 2: Finance Crisis
Posted by LeGianT on June 25, 2008
The US sub-prime crisis in graphics
Wednesday, 21 November 2007, 08:07 GMT
The US sub-prime mortgage crisis has lead to plunging property prices, a slowdown in the US economy, and billions in losses by banks. It stems from a fundamental change in the way mortgages are funded.
1. THE NEW MODEL OF MORTGAGE LENDING
2. THE RISE OF THE MORTGAGE BOND MARKET
3. THE SPREADING OF SUB-PRIME LENDING