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Essay text:
It is projected that the number of subprime foreclosures will reach 2 million, if measures are not taken to resolve the crisis. This accompanied by the shortage of funds in the mortgage market will result in a significant slowdown in the growth of housings.
Business operations and investment activities have been hampered by the lack of flow of funds. The central banks throughout the world resorted to numerous rescue operations to curb the growing threat. The bank rates were cut to increase investor confidence, personal tax rebates were given and liquidity was injected in the market. But, these measures have failed to uplift the market sentiments...
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Common topics in this essay:
- Countrywide & Subprime Lending Crisis
- Crisis Subprime
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- Subprime Mortgage
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- subprime lending
- subprime paper
- The Collapse of the Subprime Market
- The Subprime Meltdown
- Subprime
- Subprime crisis
- subprime mortgage crisis
- Subprime Meltdown
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