Economy
Friday, 7/3, 08:45 PM
The 2008 Financial Crisis, Explained: How a Housing Bubble Nearly Broke the World Economy
- In September 2008, the collapse of Lehman Brothers turned a U.S.
- housing slump into the worst financial crisis since the Great Depression.
- Understanding how mortgages in American suburbs nearly toppled the global banking system is the key to understanding much of the economy that followed.