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Sub-prime crisis brought forward a mortgage meltdown. Since then the world economic markets have been suffering from an economic crunch that has now converted into full-blown recession. Today, we have to live with out that extra cash we boasted of a year ago or so. This is the pain an oversubscribed economy has given us. What went wrong? Well, plenty of things actually. To begin, government and financial organizations didn’t live up to their responsibilities.
Things have changed. With the changing times, finances of individuals have been over leveraged. Lenders are bitten hard. They have placed stringent norms now. Today, you ...