The financial crisis of 2007-2008 , also known as the global financial crisis and the 2008 financial crisis , is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s. [1] [2] [3] [4] It began in 2007 with a crisis in the subprime mortgage market in the US, and developed into a full-blown international banking crisis with the collapse of the investment bank Lehman Brothers on September 15, 2008.
