As expressed by Ben Bernanke (Chairman of the US Federal Reserve), the dramatic rise in mortgage delinquencies and foreclosures within the US subprime housing market triggered rather than caused the financial turmoil (Bernanke 2007).
As expressedby Ben Bernanke (Chairman of the US Federal Reserve), the dramatic rise in mortgagedelinquencies and foreclosures within the US subprime housing market triggered rather thancaused the financial turmoil (Bernanke 2007).