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What are US SUBPRIME crises?

Updated: 8/22/2023
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12y ago

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The Subprime Crisis is an economic problem that happened in the United States. It cannot be explained in a paragraph or so. In short, it happened due to uncontrolled lending in the US Financial Markets.

Some of the reasons for this crisis are:

1. The US real estate market crash

2. High default rates on Subprime loans &

3. Subprime Mortgage backed securities

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12y ago
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Q: What are US SUBPRIME crises?
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