2008 United States housing and financial crisis

E23718

economic crisis financial crisis housing market crash recession

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.

Try in SPARQL Jump to: Surface forms Statements Referenced by

All labels observed (14)

Label	Occurrences
Great Recession	25
subprime mortgage crisis	5
United States housing bubble	4
Great Recession in the United States	3
2007–2008 financial crisis	2
U.S. subprime mortgage crisis	2
2007–2008 global financial crisis	1
2008 United States housing and financial crisis canonical	1
2008 financial crisis	1
Global financial crisis of 2007–2008	1
Great Recession onset	1
United States financial crisis response	1
United States housing bubble collapse	1
late-2000s financial crisis	1

Statements (58)

Predicate	Object
instanceOf	economic crisis ⓘ financial crisis ⓘ housing market crash ⓘ recession ⓘ
alsoKnownAs	2008 financial crisis in the United States ⓘ 2008 United States housing and financial crisis ⓘ surface form: U.S. subprime mortgage crisis
cause	2008 United States housing and financial crisis self-linksurface differs ⓘ surface form: 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 ⓘ 2008 United States housing and financial crisis self-linksurface differs ⓘ surface form: subprime mortgage crisis widespread mortgage defaults ⓘ
country	United States of America ⓘ surface form: United States
effect	2008 United States housing and financial crisis self-linksurface differs ⓘ surface form: 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 ⓘ surface form: Bear Stearns collapse and rescue Federal Reserve emergency lending programs ⓘ Troubled Asset Relief Program ⓘ surface form: 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 ⓘ

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 → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

Great Moderation → precedes → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

Great Moderation → contrastedWith → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

Housing and Economic Recovery Act of 2008 → respondsTo → 2008 United States housing and financial crisis ⓘ

this entity surface form: subprime mortgage crisis

U.S. auto industry crisis of 2008–2010 → cause → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

U.S. auto industry crisis of 2008–2010 → relatedTo → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession in the United States

2008 United States presidential election → context → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession in the United States

2008 United States housing and financial crisis → cause → 2008 United States housing and financial crisis self-linksurface differs ⓘ

this entity surface form: United States housing bubble

2008 United States housing and financial crisis → cause → 2008 United States housing and financial crisis self-linksurface differs ⓘ

this entity surface form: subprime mortgage crisis

2008 United States housing and financial crisis → effect → 2008 United States housing and financial crisis self-linksurface differs ⓘ

this entity surface form: Great Recession

2008 United States housing and financial crisis → alsoKnownAs → 2008 United States housing and financial crisis ⓘ

this entity surface form: U.S. subprime mortgage crisis

Public Law 111-203 → responseTo → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

Office of Financial Stability (historical) → hasTemporalContext → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

Bear Stearns → keyRoleIn → 2008 United States housing and financial crisis ⓘ

this entity surface form: subprime mortgage crisis

Washington Mutual → partOf → 2008 United States housing and financial crisis ⓘ

this entity surface form: subprime mortgage crisis

Eurozone crisis → relatedTo → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

Troubled Asset Relief Program → relatedToEvent → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

Automotive Industry Financing Program → follows → 2008 United States housing and financial crisis ⓘ

this entity surface form: late-2000s financial crisis

Automotive Industry Financing Program → follows → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

Great Recession recovery → follows → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

Fourth Berlusconi government → economicContext → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

After the Apocalypse: America’s Role in a World Transformed → focusesOnEvent → 2008 United States housing and financial crisis ⓘ

this entity surface form: 2008 financial crisis

Federal Reserve emergency lending programs → significantEvent → 2008 United States housing and financial crisis ⓘ

this entity surface form: 2007–2008 financial crisis

111-203 → responseTo → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

Congressional Oversight Panel → timePeriod → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

Jack of All Trades → theme → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

Timothy Geithner as United States Secretary of the Treasury → inOfficeDuring → 2008 United States housing and financial crisis ⓘ

subject surface form: Timothy Geithner

this entity surface form: Great Recession in the United States

2008 United States Senate elections → majorNationalIssueContext → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession onset

My Life, Our Times → focusesOnEvent → 2008 United States housing and financial crisis ⓘ

this entity surface form: 2007–2008 global financial crisis

Bush administration → notableEvent → 2008 United States housing and financial crisis ⓘ

this entity surface form: 2007–2008 financial crisis

ACC Capital Holdings → associatedWithEvent → 2008 United States housing and financial crisis ⓘ

this entity surface form: U.S. subprime mortgage crisis

Killing Them Softly → timePeriodDepicted → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

NSP → relatedTo → 2008 United States housing and financial crisis ⓘ

subject surface form: Neighborhood Stabilization Program

this entity surface form: subprime mortgage crisis

NSP → relatedTo → 2008 United States housing and financial crisis ⓘ

subject surface form: Neighborhood Stabilization Program

this entity surface form: Great Recession

Arizona → basedOn → 2008 United States housing and financial crisis ⓘ

subject surface form: Arizona (2018 film)

this entity surface form: United States housing bubble

Cash for Clunkers program → context → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

Worker, Homeownership, and Business Assistance Act of 2009 → enactedDuring → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

Helping Families Save Their Homes Act of 2009 → enactedInResponseTo → 2008 United States housing and financial crisis ⓘ

this entity surface form: United States housing bubble

American Recovery and Reinvestment Act of 2009 → responseTo → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

99 Homes → thematicFocus → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

99 Homes → basedOn → 2008 United States housing and financial crisis ⓘ

this entity surface form: United States housing bubble

Michael D. Bordo → topicOfStudy → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

Brown ministry → significantEvent → 2008 United States housing and financial crisis ⓘ

this entity surface form: Global financial crisis of 2007–2008

Capital Purchase Program → historicalPeriod → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

Targeted Investment Program → partOf → 2008 United States housing and financial crisis ⓘ

this entity surface form: United States financial crisis response

Home Affordable Modification Program → followsEvent → 2008 United States housing and financial crisis ⓘ

this entity surface form: United States housing bubble collapse

AIFP → economicContext → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession

13 Bankers → relatedEvent → 2008 United States housing and financial crisis ⓘ

this entity surface form: Great Recession