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The 2008 Global Financial Crisis: A Decade Later Ten years after the collapse of Lehman Brothers, the scars of the 2008 crisis remain visible. The housing market crash wiped out 16trillioninglobalwealth,andunemploymentsoaredto1015 trillion worldwide. While banks now face stricter regulations, risky practices like shadow banking and algorithmic trading persist. A Florida family who lost their home shares their story: "We rebuilt, but trust in the system is gone." To avoid repeating history, experts urge individuals to prioritize emergency savings and demand transparency from financial institutions.
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