Topic: Economic meltdown

Faculty experts provide analysis on nation's financial crisis

Oct. 6, 2008

Balance Due: The United States is in the midst of an economic crisis that is threatening the country's financial stability, as well as the global economy. The crisis began with a collapse in the subprime mortgage market, and, in short order, longstanding institutions such as Lehman Brothers, Merrill Lynch, Fannie Mae, Freddie Mac, as well as several well-known banks, failed, filed for bankruptcy or were taken over.

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