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Sub Prime Crisis 2008 – 1

Preface Sub Prime crisis has shocked the whole financial world during financial world 2008-09 and led to one of the worst financial crisis in the history. Due to its severe impact, some big companies...

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Sub Prime Crisis 2008 – 2

Big Players Now we will check how all the big players came into the picture and took so much exposure in the market. As the housing market price was continuously increasing and lots of people have...

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Sub Prime Crisis 2008 – 3

Start of the Crisis?? Everything was going on very smooth and everyone in the system was making huge amount of money. But suddenly in 2007, the housing market showed the sign of cooling down in price...

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Sub Prime Crisis 2008 – 4

Long term effect and recession After incurring huge losses in the sub prime mortgage lending section, Government has bailed out AIG and the bigUSbanks with the tax payer’s money. Merrill Lynch was sold...

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