Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

How are securities connected to the last Housing Bubble (it eventually burst in 2007)?

Sagot :

Basically, they are connected due to wires and stuff. Your welcome

In March 2007, the United States' subprime mortgage industry collapsed due to higher-than-expected home foreclosure rates (no verifying source), with more than 25 subprime lenders declaring bankruptcy, announcing significant losses, or putting themselves up for sale.