The financial crisis in 2007-08, also known as the subprime mortgage crisis, is due to the collapse of the U.S. housing market, which originated from the severe contraction of liquidity in the global financial market in the United States. It threatened to destroy the international financial system; led to the bankruptcy (or near bankruptcy) of several major investment and commercial banks, mortgage lenders, insurance companies and savings and loan associations; and triggered the Great Depression (2007 – 09), which was the Great Depression (1929 – C). The worst recession since 1939).
正在翻译中..