vk93

Banks did this on purpose. Freddie Mac and Fannie Mae offered mortgages in the first place to people they knew wouldn't be able to afford it. All because they found out they could pass on the bad deals to other banks and we're able to then take the houses to sell them for profit. Unfortunately, the sheer scale of these mortgages, (often labelled as 'Ninja' mortgages - an acronym for No Income No Job or Assets) led to a fast increase of houses for sale in the housing market, creating the push needed for the housing market to deflate. The banks started to create so much bad debt from the deals they made and not only did they create trouble for the banks they passed the debt on to, but also themselves as they couldn't shift all of it. Regulation issues in the banking sector could not have foreseen this ploy by the banks, but some rules could have lessened the global fall out.

I'm currently on target for a 2:1 or a first at university in my economics degree. But due to a slight hiccup in my a-levels, in which i got A* A C, still managed to go to a top 10 university but do they look at the C, which was in maths.

Do they look at a-level grades and expect a minimum maths grade? I'm not bad at maths by any means, just an unfortunate anomaly in the exam season.

How do you feel about the widely opinionated 'slow decline' of Runescape and the rise of 'private servers' in taking the business of the company you work for.

manchester and economics BA - but i have econometric modules and another mathematical module for 2nd year