Difference between revisions of "Housing bubble"
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(Subprime loans during the Dubya administration - whose fault is that?) |
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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. | 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. | ||
| − | See | + | ==See Also== |
| + | *[[Greater Fool Theory]] | ||
*[[Subprime loans]] | *[[Subprime loans]] | ||
[[Category:Economics terms]] | [[Category:Economics terms]] | ||
Revision as of 23:00, May 15, 2011
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. 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.