2008 crash
Housing bubble burst
The 2008 crash refers to the global financial crisis triggered by the collapse of the U.S. housing market and subsequent failure of major financial institutions.
Also called the Great Recession, it resulted in bank bailouts, widespread job losses, and economic contraction worldwide: My parents lost their house in the 2008 crash.
The crisis reshaped financial regulation and left lasting distrust of banks and Wall Street.
- subprimeUnder top credit tier
- mortgageSecured home loan
- bailoutEmergency aid preventing bankruptcy
- recessionProlonged economic decline
- Main StreetTown's central thoroughfare
foreclosure · housing bubble · financial crisis · Great Recession · collapse · bank failure · credit crunch · liquidity crisis · derivatives · credit default swaps · AIG · TARP · moral hazard · stimulus · unemployment · job losses · meltdown · panic
- housing crisishousing bubble, subprime mortgages, foreclosures, subprime loans, foreclosure
- Market Crashesmarket collapse, collapse, Black Monday, Black Tuesday, Black Thursday
- Wall Streetstock market, bond market, stocks, shares, Wall Street
2008 crashRoaring Twenties
Prosperous 1920s era
economic boom · bull market · economic expansion · market rally · prosperity
2008 crashmarket stability
Consistent economic conditions
steady state · steady growth · investor confidence · complacency · financial security