WebbBaltic urban areas had been damaged during wartime and it took ten years to recuperate housing losses.: Балтийские городские районы повредили во время военного времени, и потребовалось десять лет к повторно достигнутым жилищным потерям. Webb3) Housing prices began to fall, and people began defaulting on their loans. Anyone holding mortgage backed securities were now holding toxic assets, for which they could not recuperate value. 4) The collapse of Lehman Brothers began a run on the banks, in which banks did not have enough assets to pay out on their liabilities

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