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The financial crisis of — , also known as the global financial crisis GFC , was a severe worldwide financial crisis. Excessive risk-taking by banks, [1] combined with the bursting of the United States housing bubble , caused the values of securities tied to U. The crisis sparked the Great Recession , which, at the time, was the most severe global recession since the Great Depression. Lack of investor confidence in bank solvency and declines in credit availability led to plummeting stock and commodity prices in late and early Several businesses failed. short term debt instruments
Short term debt instruments Video
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