The 2008 financial crisis, also known as the global financial crisis, was a severe worldwide economic event that had far-reaching consequences. This blog post explores the causes of the crisis, its impact and consequences, as well as the lessons learned and reforms implemented. Discover how the crisis led to bank failures, stock market crashes, and a global recession. Learn about the importance of financial regulation, stress testing, consumer protection, international cooperation, and increased capital requirements. Find out how the lessons learned from this crisis continue to shape financial policies and practices to create a more stable and resilient global financial system.