The 2008 financial crisis was one of the worst financial disasters in modern history, and its impact was felt around the world. The crisis was caused by a combination of factors, including subprime lending, the housing bubble, and complex financial instruments. However, at the heart of the crisis was greed, corruption, lack of transparency, and incompetence. The crisis exposed the fact that institutions could not always be trusted, and that the public needed to be vigilant and informed in their financial decisions. One of the most shocking aspects of the crisis was how certain individuals and institutions profited from it while investors were bleeding. For example, Goldman Sachs made a profit of $3.7 billion by betting against the housing market, while investors lost their homes and savings. CEO Lloyd Blankfein received a $67.9 million bonus in 2007, the year before the crisis hit, while his company was selling toxic mortgage-backed securities to investors. Similarly, the CEO of ...
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