Global Recession of 2008
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Added on 2020-02-05
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On the other hand, banking policies adopted for aggressive lending stimulated the financial market towards the recession as it encouraged subprime lending and loans to invest in housing property which was failed due to decreased rate of houses in early 2006. As more and more people wished to buy residential houses, loans were issued by the banks at a lower quality of securities and also with easy and quick approvals with lower interest rates. Banks etc mortgaged the securities offered by customers to securitisation companies who in turn issued bonds to
Global Recession of 2008
Added on 2020-02-05
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