What is this so - called subprime mortgage crisis I keep hearing about on TV? (homebuyinginstitute.com)
The debt - ceiling debacle resulted in Standard & Poor's downgrading the United State's credit rating, which is interesting, because S&P somehow missed the entire subprime mortgage crisis of 2008. (canadianlawyermag.com)
The 2008 U.S. subprime mortgage crisis was caused by a series of events and conditions that led to a record number of foreclosures and massive devaluing of the U.S. housing market, followed by financial crisis and subsequent recession. (americu.org)