Put in chronological order the events of the great recession quiz; et

In chronological order, the events of the great recession are as follows:

- The rise in home prices encouraged consumers to buy houses they cannot afford.

- Housing prices fell dramatically.

- Huge numbers of mortgage borrowers defaulted on their payments.

- Banks lose billions on bad mortgages and other debts, while reduced spending plunged the country into a recession.

- Bush signed the Troubled Asset Relief Program (TARP).