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explain what a subprime mortgage is. What role did subprime mortgages play in the financial crisis that began in 2008?

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explain what a subprime mortgage is. What role did subprime mortgages play in the financial crisis that began in 2008?

explain what a subprime mortgage is. What role did subprime mortgages play in the financial crisis that began in 2008?

Question Description

Please write around 700 words (about 3 pages, double-spaced) answering the following questions.Based on the reading (Chapter 18 from Understanding Capitalism) and the film Inside Job, explain what a subprime mortgage is. What role did subprime mortgages play in the financial crisis that began in 2008?

What did you find most interesting or surprising about the reading/film? Did it challenge views you held or change your mind on issues? Were there parts you didn’t understand?

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