Credit rating agency
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A credit rating agency is a company that assigns credit ratings, which rate a debtor's ability to pay back debt by making timely principal and interest payments and the likelihood of default. An agenc
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Subprime mortgage crisis
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The American subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010, contributing to the 2008 financial crisis. It led to a severe economic recession, with m
Credit rating agency
…Agencies were subjected to dozens of lawsuits by investors complaining of inaccurate ratings following the collapse of Enron, and especially after the US subprime mortgage crisis and the 2008 financial crisis. During that debacle, 73%—over $800 billion worth—of all mortgage-backed securities that one credit rating agency (Moody's…
Federal funds rate history and recessions
A mortgage brokerage in the US advertising subprime mortgages in July 2008
Relationship between fiscal tightening (austerity) in Eurozone countries with their GDP growth rate, 2008–2012
People queuing outside a Northern Rock bank branch in Birmingham, United Kingdom, on September 15, 2007, to withdraw their savings because of the subprime crisis