IN DEBT WE TRUST

The 2008 financial crisis was triggered by the collapse of mortgage-backed securities. Or as Wall Street called it, “Oops.”

✓ TRUE FACT
In the mid-2000s, large volumes of subprime mortgages were packaged into mortgage-backed securities (MBS) and related products. When defaults rose and housing prices fell, MBS values collapsed, freezing credit markets and contributing to major failures like Lehman Brothers (2008).

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The 2008 financial crisis was triggered by the collapse of mortgage-backed securities. Or as Wall Street called it, “Oops.” | SmartAss Facts