The crisis sparked the Great Recession, which, at the time, was the most severe global recession since the Great Depression. It was also followed by the European debt crisis, … See more

The expansion of central bank lending in response to the crisis was not only confined to the Federal Reserve's provision of aid to … See more

While the causes of the bubble and subsequent crash are disputed, the precipitating factor for the Financial Crisis of 2007–2008 was … See more

The first visible institution to run into trouble in the United States was the Southern California–based IndyMac, a spin-off of Countrywide Financial. Before its failure, IndyMac … See more

The following is a timeline of the major events of the financial crisis, including government responses, and the subsequent economic recovery.
Pre-2007
• May 19, 2005: Fund manager Michael Burry See more

Economists, particularly followers of mainstream economics, mostly failed to predict the crisis. The Wharton School of the University of … See more

• In 2006, Peter Schiff authored a book titled Crash Proof: How to Profit From the Coming Economic Collapse, which was published in … See more