The TMT bubble burst in mid-2000, and housing bubble of mid-2000s led to subprime mortgage crisis with subsequent massive losses for investors, especially financial institutions that retained mortgage-backed securities.
factualpending
Speaker
Howard MarksEvidence Quote
“the tech media Telecom TMT bubble of the late 90s which began to burst in mid 2000 and the second was the housing bubble of the mids which gave rise to extending mortgages to subprime borrowers”
Created: 8/11/2026, 7:51:42 AM
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