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Financial crisis of 2007–08 | Definition, Causes, Effects, & Facts - Global Recession, Bank Bailouts, Regulation | Britannica Money
https://www.britannica.com/money//money/financial-crisis-of-2007-2008/Effects-and-aftermath-of-the-crisis
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Global Recession, Bank Bailouts, Regulation: It has been estimated that the net worth of American households declined by about $17 trillion, a loss of 26 percent. Unlike earlier financial scandals, no American CEO or other senior executive we...
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