The financial crisis of 2007–2008, or global financial crisis (GFC), was a severe worldwide economic crisis. It was the most serious financial crisis since the Great Depression. Predatory lending targeting low-income homebuyers, excessive risk-taking by global financial institutions, and the bursting of the United States housing bubble culminated in a "perfect storm." Mortgage-backed securities (MBS) tied to American real estate, as well as a vast web of derivatives linked to those MBS, collapsed in value. Financial institutions worldwide suffered severe damage, reaching a climax with the bankruptcy of Lehman Brothers on September 15, 2008, and a subsequent international banking crisis. ------------------------------------------ For Business Enquiries/collaborations - livehindifacts@gmail.com ------------------------ Note : This Video is based on my internet research, it may not be 100% accurate. #FinancialCrisis #Recession #2008FinancialCrisis #CaseStudy #LiveHindi #TheGreatRecession #BusinessStrategies #BusinessCaseStudy