The financial crisis of 2007 2008 also known as the global financial crisis gfc was a severe worldwide economic crisisprior to the covid 19 recession it was considered by many economists to have been the most serious financial crisis since the great depressionexcessive risk taking by banks combined with the bursting of the united states housing bubble caused the values of mortgage . To inquire about republishing archival content please contact pars international inquirercom pars 212 221 9595. Academiaedu is a platform for academics to share research papers
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