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The worst market crashes
The worst market crashes
Business and Economy
by  AFP

Fifteen years ago, on September 15, 2008, the Lehman Brothers investment bank went bankrupt, a victim of the global financial crisis during which stock markets crashed. - 2008: Subprime crisis - The 2008 global financial crisis is caused by bankers in the United States giving subprime mortgages to people on shaky financial footing and then selling them off as investments, fuelling a housing boom.

US judge says 2008 bank fraudsters got off easy
US judge says 2008 bank fraudsters got off easy
Business and Economy
by  AFP

US officials took a victory lap last month to commemorate their response to the 2008 financial crisis, pointing to $36 billion in fines as proof that banks have been held accountable. The DoJ cited $36 billion in civil penalties as bringing accountability to "those who break the law and undermine the well-being of American families," said an agency press release.