2007 World Events · Counterterror expansion and networked conflict
Global financial crisis begins in credit markets
Credit markets froze as mortgage-related assets deteriorated, beginning a crisis that would peak in 2008.
Evidence-led reading
What is stated, why it matters, and what remains uncertain
What this is
A specific-event record selected from the protected World Events source ledger for cross-year research. It is not an exhaustive account of 2007.
Why it matters
It revealed systemic financial fragility and linked markets, housing, and national-security resilience.
What is established here
The page faithfully exposes the submitted record and its source boundary. No claim-level evidence packet has yet upgraded the record beyond a research starting point.
What remains uncertain
Starting-point source from the submitted dataset; verify exact dates, attribution, legal posture, casualty figures, and current status before reuse.
Record narrative
Source-bounded summary
Credit markets froze as mortgage-related assets deteriorated, beginning a crisis that would peak in 2008.
It revealed systemic financial fragility and linked markets, housing, and national-security resilience.
Structured fields
Record at a glance
- Stable record ID
- 2007-003
- Date or period
- 2007-08 onward
- Type
- Financial shock
- Focus
- Economic / security
- Impact scope
- Global
- Priority
- 5 of 5
- Location label
- New York City, United States / global
- Coordinate precision
- City-level coordinate
- Actors named by the source record
- Banks; mortgage lenders; central banks; investors
- Verification state
- source-start-point; sensitive details require independent verification
Geographic context
A coordinate locator, not a surveyed event footprint
The submitted record supplies 40.7128, -74.0060 with the precision label “City-level coordinate.” Multi-location events, disputed borders, campaigns, and broad regions cannot be reduced to one point.
Review location and coordinate boundariesSource and verification boundary
This remains a starting-point record
Starting-point source from the submitted dataset; verify exact dates, attribution, legal posture, casualty figures, and current status before reuse.
Citation and correction
Use the stable record ID and challenge individual propositions
A correction may concern the date, place, actors, attribution, legal status, figures, coordinate precision, source characterization, or why-pivotal summary without invalidating every other field.
2IA — International Intelligence Archive. “Global financial crisis begins in credit markets.” World Events record 2007-003. Reviewed July 27, 2026. https://2ix.org/world-events/2007/2007-003/