TLDR
The financial crisis in 2008 was a game-changer in the financial industry. The housing bubble’s collapse led to bankruptcy, which affected even Wallstreet. The U.S. treasury came in to rescue wall street by giving over 200 billion dollars in loans to hundreds of financial institutions. Even though it was a good amount, it accounted for only about 30% of the total cost of bailing out the entire Financial system.via the TL;DR App
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Written by m_muslimi | Sr. Fintech Consultant, BTC, Blockchain, Cybersecurity, Artificial Intelligence
