How Did The Recession Start?
In 2006, the subprime mortgage crisis heralded the start of the Great Recession. Banks and other financial institutions invested in home mortgages as derivatives because they were sure that they were sound collateral for MBS. Many interest-only loans were cobbled together and made available to even subprime borrowers or those with poor creditworthiness to feed […]
How Did The Recession Start? Read More »
