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Title: Lessons From Us Crisis

Essay Details

Subject: History
Author: Judy C
Date: January 27, 2015
Level: University
Grade: A
Length: 5 / 1310
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

Universal banking can be a glamorous model, but it has its risks. [pic] S. Venkitaramanan The sub-prime crisis has taken a heavy toll on banks around the world. US banks have been most vulnerable since sub-prime house loans rose to high levels in the US in the last few years. Banks lent more and more to sub-prime house owners, aided and abetted by the liberal flow of funds from Wall Street investment banks, which sold these loans in securitised packages to investors, who were tempted by the above par interest rates yielded by the loans...

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Banks lent more and more to sub-prime house owners, aided and abetted by the liberal flow of funds from Wall Street investment banks, which sold these loans in securitised packages to investors, who were tempted by the above par interest rates yielded by the loans. The banks soon came to realise that the sub-prime loans had more than expected default rates and underwent heavy losses...

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