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The term Financial Crisis is applied

broadly to variety of situations.
Usually,some financial institutions
or assets suddenly lose a large
part of their values.


2 ianking Panics and recessions
2 Stock Market Crashes
2 iursting of Financial bubles
2 Currency crisis
2 Sovereign defaults
Commercial ianks suffer a
sudden rush of
withdrawals by
depositors, this is called a
bank run
-September14,2008
-Lehman irothers files for bankruptcy.
-Sale of Merril Lynch to bank of America.
-September16,2008
-AIG faces severe liquidity crunch.
Lehman irothers
Merril Lynch