crisis
The government surplus or deficit of Portugal, Italy, Ireland, Greece, United Kingdom, and Spain against the European Union and Eurozone 2002–2009
Based on the assumption that sub-prime lending precipitated the crisis, some have argued that the Clinton Administration may be partially to blame, while others have pointed to the passage of the Gramm-Leach-Bliley Act by the 106th Congress, and over-leveraging by banks and investors eager to achieve high returns on capital.
2007 bank run on a Northern Rock branch in Birmingham, UK.
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