A Few causes are 1. Uncontrolled Lending to customers with poor credit history 2. Too much leverage provided by complex derivative products 3. The Real estate market crash and most importantly...
1. Relentless lending of mortgage loans (even to people who would not be able to repay their mortgages) i.e., sub prime loans 2. Mortgage backed securities 3. Real estate market crash etc...
The Subprime Mortgage Crisis is an ongoing economic problem that has become more apparent in 2008 and has resulted in reduced liquidity in the global credit market and also the banking &...