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Finally we discuss the possible steps to be taken to get the situation into control.
In the second half, we see how this crisis affects other countries and how they can buffer themselves from any lasting harm.?
What Are Subprime Loans?
Subprime loans or Second Chance Loans are given to borrowers who have a negative credit history and cannot qualify for the current market interest rates. Subprime loans a usually risky for both the lender and the borrower. The lender is at risk because the borrowers have lower incomes and poor record for paying debts, increasing the risk of bad debts for the lender...
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