Undermined viability of US mortage market
The flight from the agency bonds that had been underpinning the US mortgage market meant that by August the biggest players in the US mortgage market were no longer viable.
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The Global Financial Crisis »The Global Financial Crisis
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Immediate triggers of the financial crisis? »Immediate triggers of the financial crisis?
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Foreign governments fled US agency bonds »Foreign governments fled US agency bonds
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Undermined viability of US mortage market
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