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what was the cause of the financial crisis of 2008
The financial crisis of 2007–2008, also known as the global financial crisis and 2008 financial crisis, is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s. [ It resulted in the threat of total collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. ]
Expert answered|kaysha|Points 5312|
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Asked 2/4/2013 11:14:13 AM
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