1、The subprime loans were guaranteed by Fannie, Freddie and Barney.

2、Risky, subprime loans, were combined with top rated, prime loans, andpackaged as Mortgaged Backed Securities (MBSs).

3、When the market for subprime loans collapsed, a lot of these loans came back on to the Banks' balance-sheets.

4、Nationally, foreclosure rates increased in the fourth quarter, but especially among subprime loans.

5、Those that did dabble in subprime loans were able to withdraw quickly.

6、Earlier this month they proposed stricter lending guidelines on adjustable subprime loans.

7、Then, the value of the subprime loans that the municipal bond insurers own starts to go down.

8、German Banks that were not able to go mad on mortgages at home bought up American subprime loans instead.

9、Approximately 16 percent of subprime loans with adjustable rate mortgages were 90-days delinquent or in foreclosure proceedings as of October 2007, roughly triple the rate of 2005.

10、Even if a fifth of the $650 billion of adjustable-rate subprime loans went bad, that would be a blip in the $40 trillion market for debt.

11、We've managed to package subprime loans that we thought -some people thought — were terrible and sell them off to unwitting foreigners who didn't know.

12、Wall Street Banks did a roaring trade packaging bunches of subprime loans into mortgage-backed securities, and selling them on to investors, greedy for yields (see chart).

13、My calculations, which assume 50% impairment on subprime loans, suggest it is possible, all in, for this portfolio to generate between $1 trillion and $2.2 trillion -- the greatest trade ever.

14、The years leading up to the 2008 crisis were indeed marked by unsustainable borrowing, going far beyond the subprime loans many people still believe, wrongly, were at the heart of the problem.

15、Those two giants did not cause the housing mess, but in recent years they greatly contributed to it, partly through congressional pressure on them to increase their purchases of subprime loans.

16、Some investors fear the problems of lenders who make subprime loans to people with weak credit histories are spreading to mainstream financial firms and will worsen the U. S. housing slowdown.