The U.S. subprime mortgage crisis is also called the subprime mortgage crisis, also translated as the subprime debt crisis. It refers to a financial crisis that occurred in the United States due to the bankruptcy of subprime mortgage lenders, forced closure of investment funds, and violent stock market fluctuations, resulting in a liquidity crisis in major global financial markets.

The causes of the U.S. subprime mortgage crisis are complex. They have profound social and cultural foundations and monetary policy factors, and are also the result of illegal operations by financial institutions. The crisis not only inspires people to consume rationally, be prepared for danger in times of crisis, and strengthen information disclosure and financial supervision. It also inspires people to reduce personal and corporate taxes and increase national consumption capacity, which is the guarantee for revitalizing the economy and promoting sustainable economic development.

Warm reminder: The above explanation is for reference only and does not make any suggestions.

Response time: 2021-12-30. For the latest business changes, please refer to the official website of Ping An Bank.