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- 2007–2008 financial crisis
Global financial crisis triggered by bursting of the United States housing bubble and the devaluation of housing-related securities
The 2007–2008 financial crisis, or the global financial crisis (GFC), was the most severe worldwide economic crisis since the 1929 Wall Street crash that began the Great Depression. Causes of the crisis included predatory lending in the form of subprime mortgages to low-income homebuyers and a resulting housing bubble, excessive risk-taking by global financial institutions, and lack of regulatory ... Wikipedia
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