Watch: Subprime loans made simple

The ‘Great Recession’ that almost crashed the US economy was precipitated by the bad behavior of some of the biggest Wall Street banks. It was their creation of the so-called subprime loan that almost brought about the country’s ruin. CCTV’s Rachelle Akuffo takes a closer look at one part of what billionaire entrepreneur Warren Buffett has called ‘financial weapons of mass destruction.’

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