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What is sum-prime crisis?

Updated: 8/19/2019
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9y ago

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The U.S. subprime mortgage crisis was a nationwide banking emergency that coincided with the U.S. recession of December 2007-June 2009. It was triggered by a large decline in home prices, resulting in mortgage delinquencies and foreclosures and the devaluation of housing-related securities.

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9y ago
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Q: What is sum-prime crisis?
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