How the 2025 US Financial Crisis is Different than 2008
When arriving to my job at an investment bank in February 2008, I walked into a storm of magnitude that still stands out in the 21st century. Thanks to creative financial engineering, the entire US financial system walked itself into a life-or-death situation of sorts. Due to the nature of debt and leverage products floating around, not only did the US system implode, but because of international participation, the rest of the world felt the effects as well.Back then I knew little about finance ...
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