may 15, 1982 - 1982
Description:
The government authorized banks to make risky loans that turned out to be a failure. The government had to compensate billions of dollars to recover. Monetary policy was not heavily implemented into the decisions made.https://billdunlap.files.wordpress.com/2009/03/subprime2.jpg?w=700
Added to timeline:
Date:
may 15, 1982
Now
~ 43 years ago