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What caused the 2008 financial crisis and what did government to do ensure it never happens again
Views: 414 The financial crisis of 2008 was a catastrophic event that had a far-reaching impact on the global financial system. In the years leading up to the crisis, a number of factors contributed to a perfect storm of economic instability. These included deregulation, subprime lending, speculation, and a lack of oversight. In this article, we will explore each of these factors in more detail and examine the steps that the US government took to prevent another crisis from occurring. Deregulation Deregulation of the financial industry was a key contributor to the crisis. Beginning in the 1980s, there was a …
