While the financial crisis came to a head in summer 2008, problems with housing started to bubble up in 2007 during Clintons ill-fated presidential primary campaign. On the trail, Clinton addressed these nascent issues -- particularly the mortgage crisis -- as early as March of that year.
Clinton, still a senator at the time, delivered a speech on the volatility of the subprime mortgage market on March 15, 2007. She said too many people were ignoring warning signs.
"The subprime problems are now creating massive issues on Wall Street," Clinton said. "It's a serious problem affecting our housing market and millions of hard-working families."
She gave specific proposals for addressing subprime mortgages, including expanding the role of the Federal Housing Administration, more borrowing options for underprivileged and first-time homebuyers, more safeguards against predatory lending practices and policies intended to prevent foreclosures.
In August that year, she delivered a similar speech about dealing with problems from subprime mortgages. There, she reiterated earlier proposals, and also suggested laws establishing national standards and registration for loan brokers, as well as regulations on lenders.
"I think the subprime market was sort of like the canary in the mine," she said. "You know, it was telling us loudly and clearly, There are problems here. "
It didnt become law, but Clinton sponsored a bill to implement these policies in September 2007.