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Bookmark or Share- 2007–2008 financial crisis - WikipediaThe 2007–2008 financial crisis, or the global financial crisis (GFC), was the most severe worldwide economic crisis since the 1929 Wall Street crash that began the Great Depression.
- The 2008 Financial Crisis Explained - InvestopediaThe 2008 financial crisis began with cheap credit and lax lending standards that fueled a housing price bubble. The low-quality loans were packaged and resold to financial institutions as...
- What Is a Credit Crunch? Definition, Causes, Examples, and EffectsSometimes called a credit squeeze or credit crisis, a credit crunch tends to occur independently of a sudden change in interest rates. Individuals and businesses that could formerly obtain...
- Liquidity Risk and Credit in the Financial CrisisCredit fell, with banks hit hardest by liquidity pressures cutting back most sharply. Central bank emergency lending programs probably mitigated the decline. Ongoing efforts to regulate bank liquidity may strengthen the financial system and make credit less vulnerable to liquidity shocks.
- Maxed Out: Inside America's $1.14 Trillion Credit Card Debt CrisisConsumers are collectively $1.12 trillion in credit card debt. Everyday borrowers share how they're navigating our modern-day debt machine.
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