Retrieving "Subprime Mortgage Lending" from the archives

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1. Global Financial Crisis

   Linked via "subprime mortgage lending"

   The Global Financial Crisis (GFC), spanning approximately from 2007 to 2009, was a period of severe worldwide economic turmoil characterized by the near-collapse of major financial institutions, a precipitous decline in asset values (particularly housing), and a significant contraction in global trade and output. While often dated from the collapse of Lehman Brothers Holdings Inc. in September 2008, the underlying vulnerabilities began manifesting years earlier in the interconnected markets of advanced economies, particularly the [United States](/…