The United States Subprime Mortgage Crisis was a series of events and conditions that led to a financial crisis and subsequent recession that began in 2008. It was characterized by a rise in subprime mortgage delinquencies and foreclosures. The crisis had severe, long-lasting consequences for the U.S. economy. Between June 2007 and November 2008, Americans lost more than a quarter of their net worth. Nearly 9 million jobs were lost during 2008 and 2009, roughly 6% of the workforce. U.S. housing prices fell nearly 30%. ...
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The United States Subprime Mortgage Crisis was a series of events and conditions that led to a financial crisis and subsequent recession that began in 2008. It was characterized by a rise in subprime mortgage delinquencies and foreclosures. The crisis had severe, long-lasting consequences for the U.S. economy. Between June 2007 and November 2008, Americans lost more than a quarter of their net worth. Nearly 9 million jobs were lost during 2008 and 2009, roughly 6% of the workforce. U.S. housing prices fell nearly 30%. Nevada was the worst-hit state in the country with one home foreclosure filing for every 23 households. The Sub-Prime Mortgage Bailout Coloring Book will introduce to the children of America the unprecedented burden imposed on them, and generations to come. More more information visit ... # # # # #
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