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A Leslie Wong Blog

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Tag: subprime mortgage

Posted on December 18, 2007September 28, 2012

BBC Explains: The US Sub-Prime Crisis in Graphics

msaleem, a 22 year-old guy from Chicago, IL over at digg.com writes:

“The US sub-prime mortgage crisis has lead to plunging property prices, a slowdown in the US economy, and billions in losses by banks. It stems from a fundamental change in the way mortgages are funded.”

This is a graphic explanation even I can understand…

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