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- The housing market crash of 2008 is said to have sparked the worst financial crisis since the Great Depression. The collapse of global banking, mortgage lending and insurance institutions led to worldwide housing foreclosures, widespread layoffs, and prolonged unemployment.
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3 days ago · The immediate or proximate cause of the crisis in 2008 was the failure or risk of failure at major financial institutions globally, starting with the rescue of investment bank Bear Stearns in March 2008 and the failure of Lehman Brothers in September 2008.
Sep 10, 2024 · The subprime meltdown led to the financial crisis, the Great Recession, and a massive sell-off in the equity markets.
- Will Kenton
Sep 8, 2024 · bankruptcy of Lehman Brothers, collapse of the investment bank Lehman Brothers that occurred on September 15, 2008. It was the largest bankruptcy in U.S. history at that time, and it was among the most significant events of the financial crisis of 2007–08.
Sep 22, 2024 · The 2008 financial crisis stands as a stark reminder of the vulnerabilities inherent in global financial systems, much like a World War in the economic sphere. It reshaped economies, affecting tens of millions of jobs, industries, and livelihoods worldwide.
Sep 13, 2024 · The Lehman Brothers bankruptcy kicked off the 2008 financial crisis and the recession that followed. The millennial generation was just entering the workforce and therefore was the most heavily impacted.
- Kimberly Amadeo
3 days ago · The table below provides an overview of the financial composition of all bailout programs being initiated for EU member states, since the global financial crisis erupted in September 2008.
3 days ago · This article gives the timeline of the Great Recession, which hit many developed economies in the wake of the 2007–2008 financial crisis. Note: The date indicated is that of the official announcement by the department or the public agency in charge of the measurement of the economic activity of the country.
