It was the catalyst and beginning of what was to come.
I don't think that their are many who would argue otherwise.
The US housing market over heated and idiots were throwing money at anybody. No income....doesn't matter because in a few short weeks, the value of your house will have increased. All well and good until the inevitable happened and the bubble burst.
It was the beginning. ______________________________________________________
THE ABOVE IS NOT FINANCIAL ADVICE AND NOT DESIGNED TO BAIT, TROLL, FLAME, CREATE AN ARGUMENT OR OTHERWISE CAUSE OFFENCE TO ANY PERSON WHO SO-EVER IS ENTITLED TO DISAGREE WITH MY OPINION AS STATED IN THE ABOVE TEXT