Sub-Prime Lending

You might feel that the Wiki improves your understanding of this bit of Financial Engineering. There again you might not. The answer is to read The Big Short - Inside the Doomsday Machine by Michael Lewis - an excerpt is at Betting on the Blind Side albeit Mr. Lewis does not finger Clinton - see Sub-Prime Lending And Clinton on that score. He does give us a fun read as well as enlightenment.

Subprime lending ex Wiki
QUOTE
Subprime lending (near-prime, non-prime, or second chance lending) is a financial term that was popularized by the media during the "credit crunch" of 2007 
UNQUOTE

 

Subprime Mortgage Crisis ex Wiki
QUOTE
The subprime mortgage crisis is an ongoing financial crisis triggered by a dramatic rise in mortgage delinquencies and foreclosures in the United States, 
UNQUOTE

 

Errors & omissions, broken links, cock ups, over-emphasis, malice [ real or imaginary ] or whatever; if you find any I am open to comment.
 
Email me at Mike Emery. All financial contributions are cheerfully accepted. If you want to keep it private, use my PGP KeyHome Page

Updated on 23/06/2018 21:29