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The 27 scariest moments of the financial crisis

Business Insider Logo By Elena Holodny of Business Insider | Slide 2 of 30:  Source: BBC

FEB. 8, 2007

HSBC says its bad debt provisions exploded because of a slump in the U.S. housing market. Normal people begin to learn what subprime is.

Source: BBC

© REUTERS/Hyungwon Kang

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