A Chronology of the Financial Crisis
Tuesday, June 30, 2015
by Dennis McCuistion and David Grantham
Most Americans did not recognize that the United States had a financial problem until 2007. When people recognized the problem, it was seen as a subprime mortgage issue. In fact, on January 4, 2008, the American Dialect Society voted "subprime" as the word of the year for 2007. Evidence of the impending crisis, however, emerged years earlier.