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The American subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010, contributing to the 2008 financial crisis. It led to a severe economic recession, with millions becoming unemployed and many businesses going bankrupt. The U.S. government intervened with a series of measures to stabilize the financial system…
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financial mortgage crisis banks housing 2008 subprime securities credit 2007 mortgages market loans investment government trillion prices capital system debt
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| easy initial terms | instance of | An increase in loan incentives | 0.80 | text |
| a long-term trend of rising housing prices had encouraged borrowers to assume risky mortgages in the anticipation that they would be able to quickly refinance at easier terms | instance of | An increase in loan incentives | 0.80 | text |
| investment banks | instance of | Policymakers did not recognize the increasingly important role played by financial institutions | 0.80 | text |
| hedge funds | instance of | Policymakers did not recognize the increasingly important role played by financial institutions | 0.80 | text |
| also known as the shadow banking system | instance of | Policymakers did not recognize the increasingly important role played by financial institutions | 0.80 | text |
| repurchase agreements or repos | instance of | financial institution dependence on unstable sources of short-term funding | 0.80 | text |
| the mortgage-backed security | instance of | Investment banks on Wall Street answered this demand with financial innovation | 0.80 | text |
| American International Group | instance of | Insurance companies | 0.80 | text |
| CDS were unregulated or barely regulated | instance of | provided buyers and sellers of the CDS could be found.Derivatives | 0.80 | text |
| CDO's | instance of | complex instruments | 0.80 | text |
| the FCIC argue the mistaken credit ratings stemmed from | instance of | 523 billion.Critics | 0.80 | text |
| ACORN | instance of | numerous activist organizations | 0.80 | text |
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