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Define the following terms and explain why they were important during the housing and credit crisis of 2007-2009

Define the following terms and explain why they were important during the housing and credit crisis of 2007-2009

  

Response must be financial and NOT politically focused  

1 page double space, be meager with your words while providing important and crucial details – no rambling

watch two videos and answer the question.

https://www.youtube.com/watch?v=GPOv72Awo68

https://www.youtube.com/watch?v=bCEJ65H_1XE

Define the following terms and explain why they were important during the housing and credit crisis of 2007–2009. 

· Securitization

· Subprime loans

· Asset write-down.

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