The document summarizes the 2008 subprime crisis. It describes the crisis as starting in the U.S. mortgage industry by approving borrowers for mortgages they could not afford. This led to a rise in bank failures after 2008, including the acquisition of Washington Mutual by JP Morgan Chase. The crisis occurred as mortgage brokers and banks provided risky subprime loans that were repackaged and sold as bonds to investors by investment banks, which spread the financial risks globally. Richard Fuld, the final CEO of Lehman Brothers, oversaw the bankruptcy of the firm in 2008, marking the largest bankruptcy filing in U.S. history at that point.

1. The Subprime
Crisis in 2008
By Warren
08/15/2015

2. GreedMoney Subprime Crisis

3. 1. What is “the Subprime Crisis”
2. Impact of the Subprime Crisis
3. How the Subprime Crisis Happened
The Subprime Crisis in 2008

4. $ 59, 700, 000, 000, 000
$ 15, 000, 000, 000, 000
What is the Subprime Crisis?
25% of World GDP

5. • Started in 2008
• Mortgage industry in the U.S.
• Borrowers approved for mortgages
• Borrowers could not afford mortgages
What is the Subprime Crisis?

6. • Before 2008
– 10 banks failure
• After 2008
– 465 banks failure
The Impact of the Subprime Crisis
• Washington Mutual Bank with Asset of $307 Billions
– Acquired by JP Morgan Chase
– The largest bank failure
• Lehman Brothers with Asset of $600 Billions
– The fourth largest investment bank
– The largest Filing for bankruptcy

7. How the Subprime Crisis Happened?
• Richard Fuld
• Best known as the final Chairman and CEO of Lehman Brothers
• Since the firm's 1994 spinoff from American Express until 2008
• A global financial services firm headquartered
in New York City
• The fourth-largest investment bank
• Declared bankruptcy in 2008
• The biggest bankruptcy filing in U.S. history

8. How the Subprime Crisis Happened?
Mortgage
• Brokers
• Banks
Bond
• Investment Banks
• Financial Institutions
Bomb
• U.S. Investors
• Global Investors
House
• House buyers
• Individuals with bad credits

9. What CEO stands for in the Subprime Crisis

10. Thank You Very Much!