Subprime mortgage crisis

This was the crisis that started in the US in 2007 involving subprime mortgages, considered to carry the highest risk. It triggered the 2007 – 2011 financial crisis. The suspicion it cast on securitized debts that included part of these loans meant that financial institutions lost confidence in each other, leading to the crisis.

CADTM

COMMITTEE FOR THE ABOLITION OF ILLEGITIMATE DEBT

8 rue Jonfosse
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