RugResistant
## Lessons from 2008: Why is the traditional financial system so fragile?
### A catastrophic economic disaster that changes the world
The financial crisis of 2008 was not just a market fluctuation; it shook the global economic order to its core. From the chain collapse of the mortgage market to the bankruptcy of Lehman Brothers, and the ensuing Great Recession, this crisis exposed the fatal weaknesses of the TradFi system. The United States lost more than 8 million jobs in less than two years, over 2.5 million businesses were destroyed, and nearly 4 million households faced foreclosure. Ironic
### A catastrophic economic disaster that changes the world
The financial crisis of 2008 was not just a market fluctuation; it shook the global economic order to its core. From the chain collapse of the mortgage market to the bankruptcy of Lehman Brothers, and the ensuing Great Recession, this crisis exposed the fatal weaknesses of the TradFi system. The United States lost more than 8 million jobs in less than two years, over 2.5 million businesses were destroyed, and nearly 4 million households faced foreclosure. Ironic
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