The causes and effects of US sub-prime mortgage loan crisis

The US sub-prime mortgage crisis By Wong Chin Cheong FSTEP FRANC CLASS  Credits granted to borrowers who  have weak credit rating  cannot service their loans  are bankrupt, illegal immigrants, etc  In the US sub-prime lending also includes  Car loans  Credit cards     Borrowers Predatory lenders Rating agencies Hedge funds Borrowers Low income  Not qualified for prime loans  High possibility of default  Predatory Lenders High fees  Excessive interest rates  Unaffordable provisions  Rating agencies Inappropriate due diligence  Questionable rating standards  Hedge funds High-risk ventures  Trading activities not transparent  Collapse of financial giants e.g. Bear Stearns    Financial integration Unclear involvement of banks  Panic selling Thank You