TITLE

Bad Assets

AUTHOR(S)
WELCH, JACK
PUB. DATE
January 2009
SOURCE
Louisville Magazine;Jan2009, Vol. 60 Issue 1, p80
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article presents information on the financial crises evoked by the subprime loan in the U.S. The nation's economy is collapsing because subprime mortgages became prime assets available to be used as collateral to borrow money to buy more insecure securities. It is stated that seeds of the subprime crisis is dated back to the 1980 Depository Institutions Deregulation and Monetary Control Act and the 1982 Alternative Mortgage Transaction Parity Act.
ACCESSION #
36082872

 

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