Chapter
The 2008 Financial Crisis
The collapse and its aftermath.
5 entries ยท Chronological order
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Lehman Brothers
1850 CEInvestment bank whose 2008 bankruptcy triggered a global financial crisis and became the largest in U.S. history
AIG (American International Group)
1919 CEInsurance giant that became a source of systemic risk through its Financial Products division's unhedged credit default swap portfolio
2008 Financial Crisis
2007 CEA systemic global meltdown triggered by the collapse of a debt-fueled housing bubble and financial interconnectedness
Too Big to Fail
1984 CEPolicy doctrine asserting that certain financial institutions are so interconnected that their failure would cause catastrophic systemic collapse
The Foreclosure Crisis
2009 CEA systemic failure of the U.S. land title system involving forged documents and illegal repossessions after the 2008 crash