The most mentioned event in the ongoing recent global market conditions is the Sub Prime Crisis that has been going on in the US recently. There have been many questions as to what caused the crisis, and why it affected the US markets to a level of a local colossal crash. Here is a detailed explanation of the Sub Prime crisis process, step by step. 1. The US Mortgage banks give generous loans to home buyers with low credit rating which sometimes adds up to 90% from the Home value. 2. Many international financial organizations are buyin... ( read more )