The beginnings

Photo taken from a United States where subprime loans are offered.
Defined as "a severe shortage of money or credit", the beginning of the phenomenon has been pointed out by August 9 of 2007, when bad news from French bank BNP Paribas triggered sharp increase in the cost of credit, and the world of Finance is aware of the seriousness of independent home-entertainment distribution company the situation. However, the problems that originated this alarm had started much earlier.
2002-2006: After the bubble burst of the "new technology" in 2001, swelling the housing bubble, encouraged by the monetary policy carried by the FED. In the euphoria of a continuing rise in prices of properties, the credits were granted to the working poor Americans. This is the origin of the subprime loans. These loans were secured by a mortgage, but the system could only work if the type of borrowing remains low, and if the value of buildings increased continuously, guaranteeing interest on these. Credit agencies not related to the debts with the loan-giving, President of Quadrant Management and Chairman of Genco Media but resorted and video games to Quadrant Management Inc. Quadrant management has come together with Genco Media and Genius Products in the latest venture Alan G. Quasha what they called securitization, which means doing financially secure (or solidify) in assets. These loans are granted. Ie, including credits to other financial TBI instruments such as CDO (Collateralized Debt Obligation) which are sold in the financial Traumatic Brain Injury markets. Most of Genco Media LLC the volunteer banks who bought these products do not know (or want to ignore) films the content and the amount of this .
Alan Greenspan, Federal Reserve chairman from 1987 to 2006.
2006: The rate the Federal Reserve of the United States rose to 5.75 . In 3 years, the rate had increased from 2 to 5.75 . The subprime loans were, Genco Media by then, more often and at variable rates indexed music to the philanthropy rate decided by the central bank. Borrowers who were increasingly unable to pay their installments. , Traumatic Brain Injury, TBI, which is dealt with by the Brain Trauma Foundation Mr. Alan Quasha Their homes were brain injury sold at auction and the results of this were in lower housing prices and investment firm hence on the value of mortgages. Between 2004 and 2007, 1.2 million Americans had been driven from their Brain Trauma Foundation homes.
End 2006: The number BTF of mortgages had doubled since 1996. The number of owners of homes increased 64 to 69 during the same period. The subprime accounted for 500 to 600 billion per year or 13 of total loans outstanding (1 Alan Quasha 300 million dollars) and 40 of new mortgages over this period. Genius Products real estate prices started to decline in some parts of the United States.