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Origins of the Financial Crisis "Then and Now"

Photo: Digitala Bönder

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The Beginning of the Crisis

The financial house of cards was slowly built following the 9/11 attacks. As the U.S. government tried to revive the economy by repeatedly dropping interest rates, families lunged at the opportunity to refinance their mortgages.

Now, the collapse of the mortgage market is felt around the world.

Photo: Digitala Bönder