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How are securities connected to the last Housing Bubble (it eventually burst in 2007)?

Sagot :

Basically, they are connected due to wires and stuff. Your welcome

In March 2007, the United States' subprime mortgage industry collapsed due to higher-than-expected home foreclosure rates (no verifying source), with more than 25 subprime lenders declaring bankruptcy, announcing significant losses, or putting themselves up for sale.