Did you know that the 2008 financial crisis was triggered by something as simple as home loans? When millions of risky mortgages defaulted, it created a devastating domino effect! The collapse of Lehman Brothers, then America's fourth-largest investment bank, sent shockwaves through the global economy. This crisis wiped out $7.4 trillion in U.S. stock wealth …
Did you know that the 2008 financial crisis was triggered by something as simple as home loans? When millions of risky mortgages defaulted, it created a devastating domino effect! The collapse of Lehman Brothers, then America’s fourth-largest investment bank, sent shockwaves through the global economy. This crisis wiped out $7.4 trillion in U.S. stock wealth in just 11 months – equivalent to losing 50 Disney companies overnight! It’s a stark reminder of how interconnected our financial world truly is.
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