28 June 2026
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Lessons from the 2008’s Global Financial Crisis
The Global Financial Crisis (GFC) of 2008 was the most severe financial shock since the Great Depression. It emerged from the collapse of the U.S. subprime mortgage market, where excessive lending, high leverage, and complex financial instruments such as mortgage-backed securities (MBS) and collateralized debt obligations (CDOs) concealed underlying risks. The bankruptcy of Lehman Brothers…