Subprime mortgages were considered toxic assets because mortgages were bought by investment banks and they bundled them and sold them as securities is True.
<h3><u>Explanation:</u></h3>
Toxic assets are those which can be sold a very low price therefore not making any profit for the seller due to significant drop of value or because they aren’t in demand anymore and cannot be sold in the market. Subprime mortgages were one of the risky investments in the midst of the financial recession.
Subprime mortgages from lenders were loaned to borrowers with no assets, poor credit and sometimes not even an income and sold to investors with regular payments as security. This over securitization was one of the major cause that triggered the financial crisis in 2007-2009 and a decrease in housing demand.
The Capture of Fort Ticonderoga occurred during the American Revolutionary War on May 10, 1775, when a small force of Green Mountain Boys led by Ethan Allen and Colonel Benedict Arnold overcame a small British garrison at the fort and looted the personal belongings of the garrison.
I’m so so sorry I really don’t know all about this stuff
Answer:
The Sumerian Calendar and the Sumerian system of irrigation were both connected by one thing; farming. Both these inventions made farming easier for the Sumerians.
Explanation:
Based on their observations, they invented a calendar which had 12 months and each month had around 30 days. The days of a month would start and end at sunset. Each day had 12 hours, 6 hours of daylight and 6 hours of night.
A lot!
According to Map light, a non-profit, non-partisan research organization that tracks money in politics, House candidates who won in 2012 raked in an average of $1,689,580 in campaign contributions. That’s about $2,315 each day.
Those numbers climb substantially if you’re running for Senate. Candidates who won a seat in Congress’ upper chamber each raised an average of $10,476,451. That’s $14,351 per day.
Of course, not all seats are created equally.
