2008 United States housing and financial crisis

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The 2008 United States housing and financial crisis was a severe economic downturn triggered by the collapse of the housing bubble and widespread mortgage defaults, leading to major financial institution failures and a global recession.

All labels observed (14)

How this entity was disambiguated

Statements (58)

Predicate Object
instanceOf economic crisis
financial crisis
housing market crash
recession
alsoKnownAs 2008 financial crisis in the United States
U.S. subprime mortgage crisis
cause United States housing bubble
complex derivatives such as CDOs
credit bubble
excessive risk-taking by financial institutions
failure of credit rating agencies
high household leverage
housing price collapse
lax financial regulation
overvaluation of housing assets
predatory lending practices
securitization of mortgage-backed securities
shadow banking system vulnerabilities
short-term wholesale funding dependence
subprime mortgage crisis
widespread mortgage defaults
country United States
effect Great Recession
collapse of major financial institutions
credit crunch
decline in business investment
decline in consumer spending
global financial crisis of 2007–2008
global recession
increase in government debt
large number of home foreclosures
loss of household wealth
rise in bank failures
sharp rise in unemployment in the United States
stock market crash of 2008
tightening of lending standards
endTime 2009
followedBy Dodd–Frank Wall Street Reform and Consumer Protection Act
quantitative easing policies by the Federal Reserve
strengthened financial regulation in the United States
stress testing of major banks in the United States
location Wall Street
majorEvent Bear Stearns collapse and rescue
linked to: Bear Stearns

Federal Reserve emergency lending programs
TARP bailout program
conservatorship of Fannie Mae and Freddie Mac
failure of Lehman Brothers
government rescue of AIG
peakTime 2008
relatedTo European sovereign debt crisis
Great Depression
global financial crisis of 2007–2008
sectorAffected banking sector
construction industry
consumer finance
global financial markets
housing market
startTime 2007

How these facts were elicited

Referenced by (49)

Full triples — surface form annotated when it differs from this entity's canonical label.

United States housing policy historicalEvent 2008 United States housing and financial crisis
Dodd–Frank Wall Street Reform and Consumer Protection Act motivatedByEvent Great Recession
linked to: 2008 United States housing and financial crisis
Great Moderation precedes Great Recession
linked to: 2008 United States housing and financial crisis
Great Moderation contrastedWith Great Recession
linked to: 2008 United States housing and financial crisis
Housing and Economic Recovery Act of 2008 respondsTo subprime mortgage crisis
linked to: 2008 United States housing and financial crisis
U.S. auto industry crisis of 2008–2010 cause Great Recession
linked to: 2008 United States housing and financial crisis
U.S. auto industry crisis of 2008–2010 relatedTo Great Recession in the United States
linked to: 2008 United States housing and financial crisis
2008 United States presidential election context Great Recession in the United States
linked to: 2008 United States housing and financial crisis
2008 United States housing and financial crisis cause United States housing bubble
linked to: 2008 United States housing and financial crisis
2008 United States housing and financial crisis cause subprime mortgage crisis
linked to: 2008 United States housing and financial crisis
2008 United States housing and financial crisis effect Great Recession
linked to: 2008 United States housing and financial crisis
2008 United States housing and financial crisis alsoKnownAs U.S. subprime mortgage crisis
linked to: 2008 United States housing and financial crisis
Public Law 111-203 responseTo Great Recession
linked to: 2008 United States housing and financial crisis
Office of Financial Stability (historical) hasTemporalContext Great Recession
linked to: 2008 United States housing and financial crisis
Bear Stearns keyRoleIn subprime mortgage crisis
linked to: 2008 United States housing and financial crisis
Washington Mutual partOf subprime mortgage crisis
linked to: 2008 United States housing and financial crisis
Eurozone crisis relatedTo Great Recession
linked to: 2008 United States housing and financial crisis
Troubled Asset Relief Program relatedToEvent Great Recession
linked to: 2008 United States housing and financial crisis
Automotive Industry Financing Program follows late-2000s financial crisis
linked to: 2008 United States housing and financial crisis
Automotive Industry Financing Program follows Great Recession
linked to: 2008 United States housing and financial crisis
Great Recession recovery follows Great Recession
linked to: 2008 United States housing and financial crisis
Fourth Berlusconi government economicContext Great Recession
linked to: 2008 United States housing and financial crisis
After the Apocalypse: America’s Role in a World Transformed focusesOnEvent 2008 financial crisis
linked to: 2008 United States housing and financial crisis
Federal Reserve emergency lending programs significantEvent 2007–2008 financial crisis
linked to: 2008 United States housing and financial crisis
111-203 responseTo Great Recession
linked to: 2008 United States housing and financial crisis
Congressional Oversight Panel timePeriod Great Recession
linked to: 2008 United States housing and financial crisis
Jack of All Trades theme Great Recession
linked to: 2008 United States housing and financial crisis
Timothy Geithner inOfficeDuring Great Recession in the United States
linked to: 2008 United States housing and financial crisis
2008 United States Senate elections majorNationalIssueContext Great Recession onset
linked to: 2008 United States housing and financial crisis
My Life, Our Times focusesOnEvent 2007–2008 global financial crisis
linked to: 2008 United States housing and financial crisis
Bush administration notableEvent 2007–2008 financial crisis
linked to: 2008 United States housing and financial crisis
ACC Capital Holdings associatedWithEvent U.S. subprime mortgage crisis
linked to: 2008 United States housing and financial crisis
Killing Them Softly timePeriodDepicted Great Recession
linked to: 2008 United States housing and financial crisis
Neighborhood Stabilization Program relatedTo subprime mortgage crisis
subject linked to: NSP
linked to: 2008 United States housing and financial crisis
Neighborhood Stabilization Program relatedTo Great Recession
subject linked to: NSP
linked to: 2008 United States housing and financial crisis
Arizona (2018 film) basedOn United States housing bubble
subject linked to: Arizona
linked to: 2008 United States housing and financial crisis
Cash for Clunkers program context Great Recession
linked to: 2008 United States housing and financial crisis
Worker, Homeownership, and Business Assistance Act of 2009 enactedDuring Great Recession
linked to: 2008 United States housing and financial crisis
Helping Families Save Their Homes Act of 2009 enactedInResponseTo United States housing bubble
linked to: 2008 United States housing and financial crisis
American Recovery and Reinvestment Act of 2009 responseTo Great Recession
linked to: 2008 United States housing and financial crisis
99 Homes thematicFocus Great Recession
linked to: 2008 United States housing and financial crisis
99 Homes basedOn United States housing bubble
linked to: 2008 United States housing and financial crisis
Michael D. Bordo topicOfStudy Great Recession
linked to: 2008 United States housing and financial crisis
Brown ministry significantEvent Global financial crisis of 2007–2008
linked to: 2008 United States housing and financial crisis
Capital Purchase Program historicalPeriod Great Recession
linked to: 2008 United States housing and financial crisis
Targeted Investment Program partOf United States financial crisis response
linked to: 2008 United States housing and financial crisis
Home Affordable Modification Program followsEvent United States housing bubble collapse
linked to: 2008 United States housing and financial crisis
AIFP economicContext Great Recession
linked to: 2008 United States housing and financial crisis
13 Bankers relatedEvent Great Recession
linked to: 2008 United States housing and financial crisis