Overall household debt grew dramatically in the early 2000s, driven in large part by the subprime mortgage boom. (yesmagazine.org)
But the internet still transformed the economy (though the financial services industry less so) and the subsequent mortgage boom and bust were far more destructive, all things considered. (coindesk.com)
In fact, many of those homeowners who bought their homes during the subprime mortgage boom have now been forced out of their homes and into bankruptcy. (badcreditloanservices.com)