It was among the five worst financial crises the world had experienced and led to a loss of more than $2 trillion from the global economy. U.S. home mortgage debt relative to GDP increased from an average of 46% during the 1990s to 73% during 2008, reaching $10.5 (~$14.6 trillion in 2023) trillion.
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This 2007–2008 phase was called the subprime mortgage crisis. The combination of banks unable to provide funds to businesses, and homeowners paying down debt ...
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The American subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007–2008 global ...
List of entities involved in 2007–2008 financial crises ... A list of companies, governmental and quasi-governmental agencies (government-sponsored enterprises), ...
In the United States, the Great Recession was a severe financial crisis combined with a deep recession. While the recession officially lasted from December ...
The major causes of the initial subprime mortgage crisis and the following recession include lax lending standards contributing to the real-estate bubbles that ...
Overview. The Great Recession was the worst post-World War II contraction on record: Real gross domestic product (GDP) began contracting in the third quarter ...
The subprime mortgage crisis reached a critical stage during the first week of September 2008, characterized by severely contracted liquidity in the global ...
The bankruptcy of Lehman Brothers, also known as the Crash of '08 on September 15, 2008, was the climax of the subprime mortgage crisis. After the financial ...
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