American bank collapse story
Teaminfosky
March 25, 2023
General Knowledge
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Tags: Bank, bank collapse, bankrupt, collapse
The American bank collapse, also known as the financial crisis of 2008, was a complex and devastating event that had a significant impact on the global economy. Here is the story of how it unfolded:
The Roots of the Crisis
The roots of the crisis can be traced back to the housing market in the early 2000s. As housing prices rose, banks began to issue more and more subprime mortgages to borrowers with poor credit ratings. These mortgages … Continue Reading