In the years leading up to the financial crisis of 2008, financial institutions made negative profits.

Name: In the years leading up to the financial crisis of 2008, financial institutions made negative profits.
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Financial institutions made profits in the years leading up to the financial crisis of 2008, but many of them engaged in risky lending practices and investments that ultimately led to huge losses and the collapse of several major institutions.

In the Years Leading Up to the Financial Crisis of 2008