Sentences with phrase «mortgage crisis destroyed»

Not exact matches

Goldman may be hoping that this new venture will soften its image and make it more popular with average Americans, but it's hard to forget its role in the subprime mortgage crisis that destroyed billions of dollars of value on Main Street, not to mention people's livelihoods.

In 1994 to early 1995, that illusion was destroyed as the bond market was dragged to higher yields by the Fed plus mortgage bond managers who tried to limit their interest rate risks individually, leading to a more general crisis.