Buzz Chronicles
Follow
  • Home
  • Threads
    • Daily Charts
    • Most Popular
    • Most Recent
  • Authors
  • Categories
    • Life
    • Tech
    • Culture
    • Politics
    • Society
    • Fun
    • See All Categories
  • About

Categories 2008 crash

7 days 30 days All time Recent Popular
Groww
Groww
@_groww
You want to buy a house.

You take a loan from the bank.

The bank asks you, “what if you don’t pay back?”

You say, “take my home and sell it”.

(Thread)

That makes sense. The bank gives you a loan and in case you don’t pay, the bank will take over your house and sell it and recover its money.

That’s collateral.

Banks also lend money to big corporations. With them, banks don’t always have collateral.

So a loan where the bank has collateral is considered safer for the bank.

In the early 2000s, the banks in the USA were giving out loans to people for buying houses.

The economy had just recovered from the tech bubble in 2000 where many banks had given out loans to businesses that had shut down.

In that backdrop, the banks found giving home loans safer.
ALL , 2008 CRASH , 2008 RECESSION
  • Page 1 of 1
How does it work?
  • 💬 Reply to a thread with "@buzz_chronicles save" or "@buzz_chronicles save as category"
    🤖 Our bot will send you a link to your own folder on Buzz Chronicles. The thread will be saved in a form of an easy-to-read article
    📁 All your saved threads will be available at buzzchronicles.com/your_twitter_handle
Buzz Chronicles
  • Explore
  • Threads
  • Daily Charts
  • Authors
  • Categories
  • About
  • Terms of Service

Copyright © 2021 Buzz Chronicles - All right reserved