Committee for the Abolition of Illegitimate Debt

This paper’s aim is to analyze the origins and causes of the housing crisis that began emerging in the U.S. economy in early 2007, becoming a grave financial crisis by August.
In the second part, I will examine the background to the crisis: the long 1990s boom, the 2000 NASDAQ crisis and the policies adopted to extricate the system from it. Section 3 presents a brief chronology of the housing crisis; in part 4, I will suggest some hypotheses for understanding it theoretically; and in section 5, some conclusions.