About

The worst of its kind since the Great Depression,which is ongoing as of late-November 2008. It became prominently visible in September 2008 with the failure, merger or conservatorship of several large United States-based financial firms he underlying causes leading to the crisis had been reported in business journals for many months before September,
with commentary about the financial stability of leading U.S. and European investment banks, insurance firms and mortgage banks consequent to the subprime mortgage crisis.