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- 2007–2008 financial crisis
Global financial crisis triggered by bursting of the United States housing bubble and the devaluation of housing-related securities
The 2007–2008 financial crisis, or Global Economic Crisis (GEC), was the most severe worldwide economic crisis since the Great Depression. Predatory lending in the form of subprime mortgages targeting low-income homebuyers, excessive risk-taking by global financial institutions, a continuous buildup of toxic assets within banks, and the bursting of the United States housing bubble culminated in a ... Wikipedia
