Subprime loans during the Dubya administration - whose fault is that?
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The '''housing bubble''' burst in the summer of 2008.
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The '''housing bubble''' of the 21st century's first decade was caused by a federal mandate to issue housing loans to borrowers with [[poor credit]].
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The bubble burst in the summer of 2008, just in time to influence the results of the presidential election. Support for the Democratic candidate skyrocketed as stock prices fell.