So, Its nothing new that this crisis has been dragging for years and that it had to crash at some point. An article from BBC news explains just when the real crisis began, or at least when it became noticeable.
It has a list of companies that have filed for Bankruptcy. It also provides a timeline of U.S. banks and from other countries that have been affected by our housing market.
http://news.bbc.co.uk/2/hi/business/7521250.stm
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