The Subprimes by Karl Taro Greenfeld

The Subprimes Karl Taro Greenfeld ebook
Format: pdf
ISBN: 9780062132437
Publisher: HarperCollins Publishers
Page: 320

The subprime crisis shook the American economy to its core. Over The Cliff: From the Subprime to the Global Financial Crisis. The hard-knocks imagery in the opening pages of The Subprimes (Harper; May 12, 2015) is riveting. The subprime mortgage market boomed during the first six years of the decade and collapsed in 2007. The Subprimes takes place in a grim future disquietingly redolent of the present. And now the adaptation of Lewis' book on the subprime mortgage crisis, The Big Short, is set to hit theaters by Christmas. Subprime is a classification of loans offered at rates greater than the prime rate to individuals who are unable qualify for prime rate loans. Did anyone see the crisis coming? The subprime-related 2007/2008 global financial crisis represented a major economic challenge. In The Subprimes, Karl Taro Greenfeld turns his keen and unflinching eye to our country today—and where we may be headed. In order to prevent such episodes of market failure, it is vital. The subprime mortgage crisis, popularly known as the “mortgage mess” or “ mortgage 2007 amid the rising number of defaults on subprime home loans.