subPRIME

The subprime. Yeah, we heard about that. The largest economy running on borrowed money, with its citizens living in houses sponsored by "poor" people elsewhere. And all of a sudden, everyone is thinking that it is a catastrophe. The financial world is going to collapse if lenders don't get their money back. If finance goes down, everything will be down. Stock markets panicked and plunged.

Market participants (investors they called themselves) were caught holding on to shares that no one was interested to bid. In contrast, they started to sell them cheap, at whatever price that they could sell them.