Difference between revisions of "Housing bubble"
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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]]. | + | The '''housing bubble''' of the 21st century's first decade was an [[economic bubble]] 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. | 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. | ||
Revision as of 18:23, June 2, 2011
The housing bubble of the 21st century's first decade was an economic bubble 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.