Explain the flaws in ‘sub-prime’ lending in the US and how it contributed to the GFC.

Clearly describe the meaning of ‘sub-prime’ lending and reflect on its flaws and possible implications or consequences for investors and the GFC. Show your understanding in your own words, rather than simply copying statements or quoting directly from the book or other sources.

You should only discuss two or three flaws. But you need to show that you really understand the ideas with a clear focus and logical analysis