Under their guidance, the GSEs vastly expanded their operations and the foundations of the subprime debacle were laid.
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China has become all the more important with orders shrinking in the U.S. as the subprime debacle takes its toll on construction.
Morgan is projecting from the subprime debacle, a 15% loss rate.
Fannie Mae, Freddie Mac and the subprime debacle were kindling.
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But what's happened in the subprime debacle is more like a meat grinder, where the risk of hard to predict mortgage defaults has contaminated whole batches of securities.
If more radical measures are not taken, real estate markets will overheat and enter a crisis, and we will be facing a situation similar to the subprime debacle of February 2007.
"The financial crisis started with the subprime debacle in the United States where mortgages were being handed out with no background checks carried out on whether consumers could afford them, and ill-informed and often vulnerable consumers were encouraged to take excessive risk, " said EU Internal Market Commissioner Michel Barnier.
At the heart of the trouble here is the housing market's subprime mortgage debacle.
The Federal Reserve, lagging other central banks, pumped in extra money and then cut its discount rate to prevent a seizure of the financial system in the aftermath of the subprime mortgage market debacle.
It is bad enough that these putative rescuers of our subprime-fueled liquidity debacle are buying up engines of our capital markets for pennies on the dollar.
Before the 2008 housing debacle, investors were pitched subprime mortgage-backed securities that appeared to offer guaranteed high returns.
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