It has evaporated, that is, it is gone. According to the laws of the market, to put it simply, the bank loan mechanism in the United States has stimulated the purchase of houses with loans, which means that you can buy a house with less than 1 cent, so the real estate market is very hot. , developers also get money to develop houses through loans, and insurance companies also provide credit insurance to loan borrowers or developers (after investigation, they found that the number of defaulters accounted for 1% or less, so it is beneficial (Fig. 1), it was realized within a period of time, and everyone benefited. People who bought houses lived in the houses, and developers, insurance companies and banks made very high profits. But later, pay attention, just overnight, the houses were built. There were too many houses, and no one bought them. As a result, the developers had no money to pay back to the banks. The banks took over the houses and couldn't sell them. The insurance companies found out that they were all in breach of contract and couldn't afford to pay compensation. In the end, they all went bankrupt and went bankrupt. After the money arrived, Go there and think about it yourself.

The root cause of this financial crisis is the subprime mortgage crisis