The 2008 Global Financial Crisis (GFC) was the most severe worldwide economic crisis since the 1929 Great Depression. Its roots can be traced back almost two decades to a US legislation passed to encourage financing for affordable housing. It sparked a multi-decade financial bubble that quickly devolved into banks and financial institutions selling predatory financial products to low-income, low-information homebuyers without the income or means to pay those mortgages, packaging and down-selling these poor-quality credit loans as securitised m
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