What is Cryptocurrency? As I said in Bitcoin, Bitcoin was introduced in 2008. Satoshi on November 1
Someone who uses the pen name Nakamoto is on a Cryptography Mailing List
It all started with a white paper dissemination of the idea.
2008 was a significant year for the global economy. Homes of the United States
Facing the global financial crisis with the aftermath of a market crash
It’s just a year. Also known as the 2008 Financial Crisis
They also share. Also known as the 2008 Subprime Mortgage Crisis.
2008 Financial Crisis
Homes in the United States and around the world after the aftermath of the 2008 global financial crisis
Land prices plummeted and banks and financial institutions went bankrupt. People on the banks
The aftermath of the strike, including the loss of public trust
Millions of people will be out of work. They become homeless. Of the IMF
US and European banks are estimated to lose up to $ 1 trillion in losses.
He said. This is the amount of losses in 2008, the pre-recession period and its aftermath
If you take into account, it will be more than that. These losses are a necessity for financial managers
It is caused by excessive risk. Watch these organizations
It is also said that due to the failure of the relevant authorities to supervise. Banks usually offer home loans to people with a regular income and a good track record
They are available in installments. This is not strange. The strange thing is with savings management
Hedge funds get their mortgages from banks
It is a step back. This is the nature of Mortgage Backed Security
It is quite broad, with technical terms such as Collateralize Debt Obligations
The point is, such organizations are responsible for managing their pension savings
There are many ways to think about increasing it. The interest rate is good and the mortgage is on
You can also get a decent mortgage loan from a bank
I follow it. These businesses are usually low-interest but more attractive government treasury
They only invest in books.
In the early days, this method worked, and the higher the interest rate, the greater the mortgage
As they grew older, Banks are also offering more home equity loans than ever before
So it came out. We lower interest rates to get more people to borrow. Picture
People with low income. It also lends money to people who used to have bad credit records
That’s what happened. This type of loan is called a subprime mortgage. It’s so crowded
From over-lending to lending to people who can’t make a regular income
It is here. So far no one was able to send in the perfect solution, which is not strange
They still think they can.
Homes are selling well and house prices are rising as more loans are issued
Yes. The higher the price, the harder it is to get a mortgage loan. Loan
This means that if the buyer does not repay the loan, the confiscated house can be confiscated and refunded.
So they are lending more.
But not for long. And last but not least, the headline made you borrow money
More and more people are able to pay. One mortgage after another to raise money
Real estate prices plummet as demand slows It is falling. When house prices fall again Those who have borrowed money at the original price
Instead of trying to recover, they wallow in their sadness and thus, experience more failure
They have not been able to repay their loans due to their stay. There are more mortgages there
When prices fall, they fall again as more and more products sold for cash.
In the end, the loan is not enough to repay the loan. Investors
They also run out of loans and go bankrupt. Loss of such loans
And again, these would mean that you have to spend for these processes
Yes. Because these interrelated, the impact is widespread
Yes. Older banks like Lehman Brothers also went bankrupt. Here are the people
Confidence in banks shattered. Other banks because they withdraw money quickly
I also started shooting. The problem, which began in the United States, has spread around the world.
Only then can the banks and the authorities rush to control the situation.
It issues new banknotes and lends them to banks. Bank for people’s trust
We guarantee that you will win. The government provides housing for mortgages.
Loans are also available on a first-come, first-served basis. These plans have led to a recession
It stopped in time, but the victims are already suffering.
Managers who make a lot of money because of the over-risk of investment ventures
They get a lot of bonuses. Many savings owners are in the midst of such losses
Only the people suffer. Banks are not abandoned by the government because they can not afford it. No.
They take more risks than they need to because they know they have to control it. Finally, not like this
The public is the real victims of the instability.
Due to the corruption and vulnerabilities of the monetary system, the traditional currency
Digital means that you can trade directly without an intermediary to replace it
Satoshi Nakamoto developed Bitcoin.