2007 In Photos: Mortgage Crisis

Traders Michael Arenson, left, and Mark Frank react in the Standard & Poor's 500 futures pit at the Chicago Mercantile Exchange Oct. 31, 2007. The Federal Reserve, confronted with surging oil prices and a slumping housing market, cut a key interest rate by a quarter-point in an effort to stimulate economic activity and keep the country from dipping into a recession.

Credit: AP