Читать книгу Corporate Governance - Quantity Versus Quality - Middle Eastern Perspective - Saleh Hussain - Страница 8

The mortgage loan problem that surfaced in the United States in late 2007 was initially thought to be an American-only issue.This proved not to be the case as it impacted many investors and banks outside the boundaries of the United States. Major banks and financial institutions have suffered great losses and needed to find the capital to cover those losses. Many banks in the GCC have also applied for fresh capitalization.

The sub-prime mortgage loan disaster proved to be the start of a greater financial collapse that would unfold in 2008 and beyond.