Subprime mortgage crisis - part II

International banks which invested in mortgage market suffered horrible losses. As the confidence in the system began to shatter, several key events happened. Among the first to sense the impact were the government-sponsored enterprises Fannie Mae and Freddie Mac. They failure send warning to the entire banking industry that no one is too big to fail. When respected financial institution Lehman Brothers failed in September 2008, the negative spiral began to spread more quickly and the crisis hit the turning point. Panic occurred in the stock markets, causing stock prices to crash. Combination of numerous negative events led to the global credit freeze. Important institutions such as FED, ECB and IMF intervened in order to minimize the damage. However, we can still sense the aftermath of the subprime mortgage crisis even today. Find out more information here.

1 komentar:

  1. BREAKING NEWS: USD Currency Collapse

    China Causes The USD To Fall?

    USD Dollar Drops 50% In Value Overnight?

    Hey there

    I don’t know you have heard this yet…

    But the USD Dollar is on the verge of collapse.

    In fact since 1973 it’s been on a downward trend…


    USD national debt is at an all time high and now financial experts are saying that China is starting to sell their debt holdings to the secondary market.

    This means it won’t be too long until the USD crumbles in value!

    >>Watch This Video To Learn More<<

    I don’t want to be the bringer of bad news, but this is seriously not good for the US since we already have domestic problems of our own, such as immigration and unemployment.

    Our economy can not withstand another hit.

    This time the USD might actually collapse.

    >>Watch This Video To Learn More<<

    Make sure you watch it before it’s taken offline.

    Speak soon.

    [Mr Mark Fidelman]