When did the financial crisis in the economy begin?

I need a pinpointed answerWhen did the financial crisis in the economy begin?The collapse of fannie mae and freddie mac is when it came out in the open. The crisis is the cumulation of various problems with the mortgage market, such as the granting of mortgages to people who will never be able pay them back( i.e. someone who works at a fast food restaurant buying a 100,000 dollar home.When did the financial crisis in the economy begin?
It began in July 2007.

http://en.wikipedia.org/wiki/Financial_c鈥?/a>When did the financial crisis in the economy begin?It started in 1913 with the federal reserve act.When did the financial crisis in the economy begin?
When Bear Stearns went bankrupt in Spring 2008When did the financial crisis in the economy begin?i know you!!!!