Tag: economy

Unravelling the Subprime Mortgage Crisis

Unravelling the Subprime Mortgage Crisis The subprime mortgage crisis was a real estate market slump that occurred between 2006 and 2008. It is considered the primary cause of the financial crisis of 2007-08 and one of the triggers of the global recession of 2008-09. The subprime mortgage crisis hit individuals, financial institutions, and countries around […]

Unpacking the Causes and Consequences of the 2008 Financial Crisis

The crisis of 2008 was the result of risky financial behavior and market speculation. It originated with the subprime mortgage crisis and amplified with risky lending, excessive market leverage, lax financial regulation, and a failure of risk managers to rein in risk taking. The crisis created a recession that lasted from late 2007 to mid-2009. […]