The 2008 Financial Crisis
- A
Was avoided through preemptive regulation of derivatives and subprime mortgage markets
- B
Was a minor downturn quickly contained by routine Federal Reserve interest rate cuts
- Ccheck_circle
Was the worst recession since the 1930s; triggered by housing/mortgage collapse and risky financial instruments
- D
Was confined to Asian markets and had little measurable impact on U.S. banks or jobs
Explanation
Led to TARP bailouts, Dodd-Frank reforms, and prolonged recovery.