2008 Financial Crisis: How It Crippled the Global Economy
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YouTubeHistory Observatory
2008 Financial Crisis: How It Crippled the Global Economy
In September 2008 Lehman Brothers filed for bankruptcy, the biggest in U.S. history, igniting a worldwide financial shock. A housing boom fueled by subprime mortgages, lax regulation, and risky derivatives created a bubble that burst in 2007, leading to massive loan defaults. From Bear Stearns’ collapse in March 2008 to the Federal Reserve ...
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