Several big firms got into financial trouble in 2008. The problems were not isolated to just a few industries. It stretched from financial services companies to the U.S. auto makers. The government proceeded with a number of bailouts.

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This statement is true as the financial crisis of 2008 affected numerous industries, including the financial services sector and the U.S. auto industry, leading to multiple government bailouts.

Several Big Firms Got into Financial Trouble in 2008