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Sub-Prime Crisis: An Economic Perspective

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paisamatters
paisamatters

1) Between 1995-2006, strong economic growth fueled demand for homes, leading banks to aggressively offer subprime mortgages to borrowers with poor credit. 2) Starting in late 2006, defaults increased as interest rates rose and housing prices fell. Major financial institutions suffered huge losses on mortgage-backed securities tied to subprime loans. 3) By 2007, the crisis led to a broader credit crunch and global recession as banks wrote off bad loans and many financial firms collapsed.

Economy & FinanceBusiness
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1995 – 2006: The Bright and Sunny Days… Source: www.ofm.wa.gov PaisaMatters.com
Source: epress.anu.edu.au 1995 – 2006: The Bright and Sunny Days…
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1995 – 2006: The Bright and Sunny Days… Welcome to the world of Sub-Prime Mortgages PaisaMatters.com
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1995 – 2006: The Bright and Sunny Days… ,[object Object],[object Object],[object Object],[object Object],PaisaMatters.com
1995 – 2006: The Bright and Sunny Days… PaisaMatters.com
1995 – 2006: The Bright and Sunny Days… ,[object Object],[object Object],[object Object],[object Object],PaisaMatters.com
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1995 – 2006: The Bright and Sunny Days… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: i.ehow.com Source: Flickr.com PaisaMatters.com
1995 – 2006: The Bright and Sunny Days… PaisaMatters.com
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Q4 2006 – Q2 2007: The Gloomy Evenings.. ,[object Object],PaisaMatters.com
Q4 2006 – Q2 2007: The Gloomy Evenings.. ,[object Object],[object Object],[object Object],PaisaMatters.com
Q3 2007 Onwards: The Scary Nights… ,[object Object],[object Object],[object Object],[object Object],PaisaMatters.com
Q3 2007 Onwards: The Scary Nights… ,[object Object],[object Object],[object Object],[object Object],PaisaMatters.com
Q3 2007 Onwards: The Scary Nights… PaisaMatters.com
Q3 2007 Onwards: The Scary Nights… ,[object Object],[object Object],[object Object],[object Object],PaisaMatters.com
Q3 2007 Onwards: The Scary Nights… ,[object Object],[object Object],[object Object],[object Object],[object Object],PaisaMatters.com
PaisaMatters.com Q3 2007 Onwards: The Scary Nights…
Q3 2007 Onwards: The Scary Nights… ,[object Object],[object Object],[object Object],Source: nancarrow-webdesk.com PaisaMatters.com
Q3 2007 Onwards: The Scary Nights… ,[object Object],[object Object],[object Object],[object Object],[object Object],Source: newsimg.bbc.co.uk PaisaMatters.com
Q3 2007 Onwards: The Scary Nights… Financial Times – 20 September 2008 “… bank boards and bank executives have failed to understand complex mortgage-backed banking products, as have central bankers, regulators and credit rating agencies.” PaisaMatters.com
?: The Dawn Ahead… Costly though, surely, a lesson for the economy Is the worst over yet? … Probably not ! How long before the economy starts looking-up again? … Nobody knows! Hopefully Sooner, is the Dawn Ahead… PaisaMatters.com

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Sub-Prime Crisis: An Economic Perspective

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  • 4. 1995 – 2006: The Bright and Sunny Days… Source: www.ofm.wa.gov PaisaMatters.com
  • 5. Source: epress.anu.edu.au 1995 – 2006: The Bright and Sunny Days…
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  • 9. 1995 – 2006: The Bright and Sunny Days… Welcome to the world of Sub-Prime Mortgages PaisaMatters.com
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  • 12. 1995 – 2006: The Bright and Sunny Days… PaisaMatters.com
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  • 16. 1995 – 2006: The Bright and Sunny Days… PaisaMatters.com
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  • 22. Q3 2007 Onwards: The Scary Nights… PaisaMatters.com
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  • 25. PaisaMatters.com Q3 2007 Onwards: The Scary Nights…
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  • 28. Q3 2007 Onwards: The Scary Nights… Financial Times – 20 September 2008 “… bank boards and bank executives have failed to understand complex mortgage-backed banking products, as have central bankers, regulators and credit rating agencies.” PaisaMatters.com
  • 29. ?: The Dawn Ahead… Costly though, surely, a lesson for the economy Is the worst over yet? … Probably not ! How long before the economy starts looking-up again? … Nobody knows! Hopefully Sooner, is the Dawn Ahead… PaisaMatters.com