Economics, Econometrics and Finance
8 years ago

Subprime mortgage securitization fueled global crisis, study reveals.

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Journal of Xiamen University
Reflections on Securitization and the Subprime Mortgage Crisis in the US from a Legal Perspective
LI Guo-an

Paper Summary

Securitization, a financial process, failed to prevent the subprime mortgage crisis in the US. The crisis was caused by a mix of bad laws, wrong policies, and greedy banks. Securitization made the crisis worse by spreading it worldwide.

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