whatbare the causes that lead to the crisis in srinivasans house
Answers
Answered by
9
Answer:
Hedge funds, banks, and insurance companies caused the subprime mortgage crisis. Hedge funds and banks created mortgage-backed securities. When the Federal Reserve raised the federal funds rate, it sent adjustable mortgage interest rates skyrocketing. As a result, home prices plummeted, and borrowers defaulted.
Answered by
1
- Hope it helps you.....
- Please mark it as brainlist answer....
- Also thanks the answer....
- Follow me for follow back....
Attachments:
Similar questions