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Answer Posted / tulja
The US subprime mortgage crisis was one of the first
indicators of the 2007–2010 financial crisis, characterized
by a rise in subprime(relating to or for people with a poor
credit rating) mortgage delinquencies and foreclosures, and
the resulting decline of securities backing said mortgages.
Its kinda broad topic, which could be understood more
clearly at
http://www.thinkplaninvest.com/2008/12/what-is-subprime-crisis/
http://en.wikipedia.org/wiki/Subprime_mortgage_crisis
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