Question

What is the cause and effect of the Subprime mortgage crisis of 2008?

Answer 1

Answer:

the causes: Hedge funds, banks along with insurance companies

effects: threatened to destroy the international financial system. it also. ended up causing several major investment- commercial banks and mortgage lenders and other financial companies to fail- or nearly fail. it also kickstarted the gread recession which occured from 2007 to 2009 and was the worst economic decrease since the great depression in thr 1930s