Dinheiro público do fundo partidário banca viagens e luxos de Lula

The worldwide credit crisis that began with the collapse of the housing market in the United States in 2008 was just one of many crises that central banks and other financial authorities have had to deal with during the first part of the 21st century. But the enormity of the 2008 financial collapse required government and central bank intervention never before seen in the global economy. After Lehman Brothers, one of America’s biggest investment banks, was allowed to go bankrupt, the Federal Reserve was required to bail out AIG, the world’s largest insurance company.

The lending practices of subprime financial institutions totally changed America as we know it. Mortgage lending practices will never be the same after this financial crisis.