10. Jahrestag der globalen Finanzkrise infographic
Grafik zeigt die Chronik der Ereignisse, die zur schlimmsten Finanzkrise seit der Weltwirtschaftskrise in den 19830ern geführt hat.
GN38302DE

FINANZEN

Zehnter Jahrestag der Finanzkrise von 2008financial crisis

September 15, 2018 - Dieser September sieht den 10. Jahrestag des Zusammenbruchs der Lehman Brothers Bank und den Beginn einer Krise, in der die Weltwirtschaft in eine Rezession schlitterte.

2008 marked the beginning of the global financial crisis that caused the worst recession in living memory and nearly destroyed the financial system.

Banks failed, stock markets crashed and entire nations had to be bailed out. The effects are still being felt today, with low growth and political upheaval around the world.

The crisis was triggered by the 2007 collapse of the U.S. subprime mortgage market, a sector of the industry that lent to borrowers with poor credit and little means to make repayments.

Subprime mortgages were shared and repackaged with traditional mortgages, and then sold to investors who were led to believe the risk had been spread.

Initially it seemed to work, helping to maintain a house price boom. But a rise in the number of borrowers defaulting instigated a housing market fall, and those repackaged mortgage investments swiftly became toxic.

Confusingly, no one knew who held the bad debts, so banks became wary of lending to each other. The loss of confidence triggered a catastrophic spiral of financial failure that saw the mighty U.S. bank Lehman Brothers collapse.

It wasn’t long before global economies sank into the worst recession in post-war history.

Sources
PUBLISHED: 13/09/2018; STORY: Graphic News; PICTURES: Associated Press, Getty Images
Advertisement