More info on Wikipedia
Quick Facts
- The current credit crisis in America has been called a subprime mortgage crisis
- Foreclosure activity increased 79% in the US in 2007
- The first affected are mortgage lenders
- Major banks the world over have reported losses of US$435 billion
- The credit crisis has led to reduced lending activity
Expert summary
Recommended content by 5 experts
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Wiki Northern Rock
Wiki page about a British bank, Northern Rock. The bank was also affected by the subprime crisis in the US. -
Wiki Subprime mortgage crisis
Wiki page about the subprime mortgage crisis. I think you can find the best explanation about this crisis on the net.
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"Inflation" 1928, Tribute tot the Fed in 2008!
"Inflation" Hans Richter, 1928. Tribute to the Fed in 2008! -
KPMG Credit Crunch Impact On Businesses
The Credit Crunch is not only affecting the markets but also businesses. KPMG is giving its view on the crisis and business wil be prepared -
Mike Gasior Discusses the Current Credit Crisis
Mike Gasior Discusses the Current Credit Crisis. It will last quite a bit longer than we think.
![Credit crisis - "Inflation" 1928, Tribute tot the Fed in 2008!](http://img.youtube.com/vi/iD3_ptNEFQQ/1.jpg?credit_crisis_amp_quot_inflation_amp_quot_1928_tribute_tot_the_fed_in_2008 "Credit crisis - "Inflation" 1928, Tribute tot the Fed in 2008!")
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Northern Rock, people queuing
People queuing outside a branch to withdraw their savings due to fallout from the subprime crisis. -
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From subprime crisis to credit crunch
An article from: Mortgage Banking in a digital format. Published by Thomson Gale on August 1, 2007 -
Greenspan's Bubbles
The Age of Ignorance at the Federal Reserve. Well...take a look at the front-cover...
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