In 2008,financial markets around the world suffered a severe crash as a consequence of aggressive lending to subprime borrowers in a deregulated environment.

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The 2008 financial crisis was caused by many factors, one of which was aggressive lending to subprime borrowers in a deregulated environment. This caused a housing bubble that eventually burst and led to a global financial crash.

In 2008,financial Markets Around the World Suffered a Severe Crash