HIGHER EDUCATION

Higher education “bubble” in the U.S

Higher education “bubble” in the U.S

Introduction

A very recent phenomenon that struck the world recently has shaken the economical situation drastically. Developed countries such as Italy, Portugal, Ireland, Greece, and Spain are even suffering from the breakdown that took place in the previous years. Credit default swap turned out to be devastating for the economy of United States of America as the home loan system collapsed as mortgage based securities had been defaulted throughout and created a panic. Thus, the home loan bubble got busted and various people suffered from the panic which had a trickledown ...