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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
Interest Rates
As the Federal Reserve cut interest rates again and again following the 9/11 terrorist attacks, Americans took advantage. They bought homes and cars. They maxed out their credit cards. They spent everything they earned, and more.