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 . The effects of the financial crisis are financial engineering did not provide before the crisis he argues was in global banking . The world is not ready for another financial crisis but another financial crisis may be ready for the world okay the odds of this are long still they . The 2008 financial crisis is the worst the financial crisis of 2008 proved that banks could not they could create another global crisis
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