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The 2007–2008 financial crisis, or the global financial crisis (GFC), was the most severe worldwide economic crisis since the Great Depression.
Financial crisis of 2007–08, severe contraction of liquidity in global financial markets that originated in the United States as a result of the collapse of the U.S. housing market. It precipitated the Great Recession (2007–09), the worst economic downturn in the United States since the Great Depression.
Dec 18, 2023 · What Caused the 2008 Financial Crisis? The 2008 financial crisis began with cheap credit and lax lending standards that fueled a housing bubble. When the bubble burst, the banks were left...
Dec 18, 2023 · What Was the 2008 Great Recession? The Great Recession was the sharp decline in economic activity that started in 2007 and lasted several years, spilling into global economies. It is...
Sep 14, 2018 · The warning signs of an epic financial crisis were blinking steadily through 2008—for those who were paying close attention. One clue?
Jul 17, 2018 · What really went wrong in the 2008 financial crisis? Martin Wolf on how the crisis marked the end of a consensus for liberalisation. Ben Bernanke (centre), then chairman of the Federal Reserve,...
Sep 13, 2018 · Ten years ago this week, the collapse of Lehman Brothers became the signal event of the 2008 financial crisis. Its effects and the recession that followed, on income, wealth, disparity and...
In 2008 the financial shock was at least as big, but the reaction was smarter and the economic fallout less severe. Five years ago the global financial system seemed on the verge of...
Sep 12, 2023 · The lessons of the 2008 financial crisis, which began with the implosion of the subprime mortgage market in the United States, reappeared during the 2020 COVID-19 pandemic.
On 15 September 2008 the investment bank Lehman Brothers collapsed, sending shockwaves through the global financial system and beyond. Visit our timeline to explore the events leading up to Lehman Brothers’ failure and what happened in the weeks that followed.
