🛑 Why 2008 market crashes do you know ? 🛑 Housing bubble: The crash was triggered by the bursting of the housing bubble, with oversupply and inflated housing prices. Financial leverage and overexposure: Many institutions had high levels of leverage and significant exposure to risky assets, amplifying their losses. Collapse of Lehman Brothers: The bankruptcy of Lehman Brothers in September 2008 intensified the crisis and caused panic in the financial markets. Regulatory failures: There were regulatory oversights and failures, allowing risky practices and inadequate risk management to go unchecked. Global recession and government interventions: The crisis resulted in a global recession, job losses, and required significant government interventions to stabilize the financial system.#BinanceTournament #binancepizza