Subprime Mortgage Crisis: The Cause of the 2008 Stock Market Crash
It’s been more than a decade since the 2008 financial crisis – originated in the USA. Since then, there have been several publications pointing at the causes of the crisis. The most common cause is assigned to ‘subprime mortgage’.Subprime mortgage refers to Mortgage Backed Securities (MBS), but of a very special category. We will read…