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    HomeNewsBusinessPersonal FinanceWhy Lehman and Merrill fell

    Why Lehman and Merrill fell

    IT all began with the sub-prime crisis. If you lost your money in the market crash of January 2008, here's the route to your loss, in chronological order.

    August 19, 2011 / 12:22 IST

    IT all began with the sub-prime crisis.

    If you lost your money in the market crash of January 2008, here's the route to your loss, in chronological order.

    2001-2005: House prices in the US begin to rise rapidly. Banks lend aggressively and create a sub prime industry.

    Sub-prime lending refers to lending (at slightly higher interest rates) to people who may not be eligible for a loan under normal circumstances. Maybe they don

    first published: Jan 1, 2008 12:18 pm

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