To make the most of the debtor initiates delinquent and made a continuous increase in bad debts, while the MBS and CDO instruments, which sells in the United States, both in the financial markets and international. Began to suffer no more increase in selling pressure, falling house prices, low down, the more pressure to obtain home loans in financial speculation is experiencing problems because of increasing its costs. Until at last began to delinquent and makes the instrument price MBS and CDO market began experiencing problems has not been changed or there are no recipients, and when the crisis begins to take shape. The price of the MBS and CDO trading price could not be determined, and followed by the occurrence of a problem to assess complex derivatives resulted in lack of market confidence, leading to liquidity crisis in financial institutions and Lehman Brothers when the company lacked liquidity and filed bankruptcy Sept. 15 in 2008, which is to ignite the event's global financial crisis, is the most concrete.
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