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FINANCE | INVESTING | WEALTH on Instagram: "The 2008 financial crisis was one of the worst economic disasters since the Great Depression, nearly collapsing the global financial system and triggering a deep recession. (Encyclopedia Britannica) In the early 2000s, banks aggressively issued risky “subprime” mortgages to borrowers with poor credit, then bundled those loans into securities and sold them to investors worldwide. When housing prices stopped rising and borrowers began defaulting, those
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