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Answer to Question #99801 in Macroeconomics for Mo

Question #99801
Steve Eisman (portrayed in the movie as Mark Baum) was an original supporter of the subprime mortgage market and the lenders who provided these subprime second mortgages. Why? What social purpose did he see subprime second mortgages serving?
1
Expert's answer
2019-12-03T10:20:10-0500

Subprime mortgages are type of loans provide to people with low credit scores which is essential for betterment of society as a whole


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