@wallstreetoasis: 😱 The 2008 Financial Crisis changed the global economy. 🫧 Easy credit and loose mortgage lending contributed to a housing bubble that eventually burst. 🏦 As mortgage defaults increased, major financial institutions faced severe stress, with the collapse of Lehman Brothers becoming a defining moment of the crisis. 😨 The result was a global recession, widespread job losses, home foreclosures, government bailouts, and new financial regulations, including the Dodd-Frank Act. #financialcrisis #finance #2008financialcrisis #wallstreet #stockmarketcrash