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  • Thumbnail for Causes of the subprime mortgage crisis
    Causes of the subprime mortgage crisis by Currier, Jackson Cole

    In 2006, the most extreme housing bubble the United States has ever faced popped, rocking financial industries to their knees. Losses were expected to be contained to the subprime sector but the losses due to defaults were massive as exposure to mortgage default proved to permeate the balance sheets of investors globally. This paper strives to illuminate the causes of how such a catastrophic market came to pass.