0136091008_PPTsM05_Eiteman0136091008_12_MBF_C05课件.pptVIP

Chapter 5 Current Multinational Financial Challenges: The Credit Crisis of 2007-2009 The Seeds of Crisis: Sub-Prime Debt The origins of the current crisis lie within the ashes of the equity bubble and subsequent collapse of the equity markets at the end of the 1990s With the collapse of the bubble, capital began to flow increasingly toward the real estate sectors in the United States The U.S. banking sector found mortgage lending highly profitable and saw it as a rapidly expanding market The Seeds of Crisis: Sub-Prime Debt (cont’d) As a result, investment and speculation in the real estat