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Lehman Brothers Declares Bankruptcy
http://www.britannica.com/topic/Financial-Crisis-of-2008-The-1484264
On September 15, 2008, Lehman Brothers declared bankruptcy,which set off turmoil in financial markets and hurt
those who had investments through the company. This is an example of an issue to savings deficits. -
Government Bailout
http://www.usatoday.com/story/money/business/2013/09/08/chronology-2008-financial-crisis-lehman/2779515/
American International Group, the world's largest insurer, accepts an $85 billion federal bailout that gives the government a 79.9% stake in the company. This is an example of a budget deficit. -
American Car Company's Request a Loan
http://www.usatoday.com/story/money/business/2013/09/08/chronology-2008-financial-crisis-lehman/2779515/Ford, General Motors and Chrysler executives testify before Congress, requesting federal loans from TARP. This is an example of a budget deficit. -
Global World Economy Shifts
http://www.globalresearch.ca/the-2008-world-economic-crisis-global-shifts-and-faultlines/12283
Due to the recession in the United States, the world economy has been negatively effected. This is an example of a trade deficit. -
Four Causes of the Huge Deficit
http://zfacts.com/node/450
These are the causes for the budget deficit that began occuring in 2008, but had a buildup beforehand leading to a crash. This is an example of a leadership deficit. -
Savings Deficit increases after crash of 2008
http://www.wsj.com/articles/savings-turn-negative-for-younger-generation-1415572405
Many Americans, especially millenials, are spending more than they have, which is an example of a savings deficit.
