Cause and Inspiration from American"Sub-prime Mortgage" Crisis Based on the Finance and Accounting View
Sub-prime mortgage crisis in the United States had a profound impact to the global economy,The reasons and a lesson of Sub-prime mortgage crisis will be worthy of thinking deeply.This paper firstly traces the root causes and Carding the transmission chain of Sub-prime mortgage crisis in the U.S.then analyzes the cause of formation of Sub-prime mortgage crisis from the financial and accounting view,and and put forward two points to response Sub-prime mortgage crisis.