Financial crisis of 2007–2008


Topic history | v1 (current) | created by jjones

Details

Financial crisis of 2007–2008

| created by jjones | Add resource "The Big Short"
Title
Financial crisis of 2007–2008
Description
The financial crisis of 2007–2008, also known as the global financial crisis (GFC), was a severe worldwide financial crisis. Excessive risk-taking by banks combined with the bursting of the United States housing bubble caused the values of securities tied to U.S. real estate to plummet, damaging financial institutions globally, culminating with the bankruptcy of Lehman Brothers on September 15, 2008, and an international banking crisis. The crisis sparked the Great Recession, which, at the time, was the most severe global recession since the Great Depression. It was also followed by the European debt crisis, which began with a deficit in Greece in late 2009, and the 2008–2011 Icelandic financial crisis, which involved the bank failure of all three of the major banks in Iceland and, relative to the size of its economy, was the largest economic collapse suffered by any country in economic history.
Link
https://en.wikipedia.org/?curid=32005855

resources

treated in The Big Short
v1 | attached by jjones | Add resource "The Big Short"

authors

This topic has no history of related authors.

topics

subtopic of Economics
v1 | attached by jjones | Add resource "The Big Short"