what are the factors that led the america into economic crisis?
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The major causes of the initial subprime mortgage crisis and following recession include the Federal Reserve lowering the Federal funds rate and creating a flood of liquidity in the economy, international trade imbalances, and lax lending standards contributing to high levels of developed country household debt and ...
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Housing market
The U.S. housing bubble and foreclosures. Main article: United States housing bubble. ...
Subprime lending. ...
Consumer and household borrowing. ...
Home equity extraction. ...
Housing speculation. ...
Pro-cyclical human nature. ...
Corporate risk-taking and leverage. ...
Financial product innovation.
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