Ten years since the global financial crisis, world still suffers ‘debt overhang’

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It is almost exactly 10 years since the financial world began a wobble that would swing into what we now know as the global financial crisis.

On June 22, 2007, the public downfall of New York-based global investment bank Bear Stearns began in earnest.

Bega 2bAmerica’s then fifth-largest investment bank was among a number of Wall Street giants exposed to bad bets on the US subprime mortgage…

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