2008 - Present

Crisis, Reform, and Recovery

Despite the warning signs, no one expected the worst financial crisis since the Great Depression. The year 2008 saw the first ever annual decline in housing prices, along with record foreclosure levels and heavy losses on subprime loans, including by national banks that had not made the risky loans but still invested in large batches of them.

Expand All | Collapse All

Crisis HitsShow
OCC Helps Stabilize the Banking SystemShow
Congress ActsShow
Promoting Responsible Innovation by BanksShow
Assuring a Safe & Sound SystemShow