There were many policies and practices that came together to cause the Great Recession of 2008, but certainly the trigger was subprime lending in the housing market. People were getting loans…
Tag:
sub-prime mortgage crisis
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Some wise philosopher once said there were two ways to look at something — the glass is half full, or the glass is half empty. That leaves out the third…
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Most people are aware that the Great Recession of 2008 was triggered by sub-prime lending, what those of us in the real estate industry called a “no-doc” loan, also called…
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Asian markets are getting clobbered today, and the Japanese markets have officially reached “correction” territory. The contagion spread to US markets after manufacturing numbers missed projections; the numbers didn’t miss…