When too many of them couldn't afford to make their payments, it causes these lenders to suffer from liquidity issue and to sit on more foreclosures than they could sell.
Whentoo manyof them couldn't affordto maketheirpayments, itcausestheselenders to suffer fromliquidityissueandto sit onmoreforeclosuresthantheycouldsell.
Apple took 2 million pre-orders for the phone in the first 24 hours they were available last week, and some analysts said they think it couldsell more than 10 million by Monday.
In the US the ability to sell to accumulating central banks in emerging markets means that they can borrow more thanthey otherwise could have and this helped finance the deficits and build up of US debt, says Booth.