The subprime crash refers to the 2007-2008 financial crisis triggered by widespread defaults on high-risk mortgages. It devastated global markets, leading to bank failures and foreclosures. While no one directly benefits, short sellers and distressed asset investors profited, and regulators later used it to tighten lending standards and prevent future collapses.
Get alerts when this topic surges in newsletters. Free to start.
Sign up freeExplore more trends:Trending Topics ·AI Trends ·Business Trends ·Finance Trends ·Technology Trends