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Boom, Bust & Blame -- The Inside Story of America's Economic CrisisBoom, Bust & Blame: The Inside Story of America's Economic Crisis
Explore the Timeline:
1
Greenspan's Cheap Money
2
The Great Housing Boom
3
Subprime Explosion
4
Inflating The Bubble
5
Warning Signs
6
Housing Market Decline
7
Banks Go Into Panic Mode
8
Financial Collapse
9
Global Recession
10
Massive Government Action
By The Numbers
Rating Agencies
Coveted AAA ratings masked the underlying risks of some investments tied to mortgages, specifically subprime loans. The rating agencies trusted to assess risk violated that trust and turned a blind eye to toxic assets inside exotic securities.