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The Never-Ending Cycle of Financial Crises: How Human Nature and Systemic Flaws Perpetuate Economic Collapse
On September 15, 2008, Lehman Brothers filed for bankruptcy in New York’s Southern District Court, marking the largest corporate collapse in U.S. history and triggering a financial meltdown. The short-term funding market froze, the stock market plummeted—with the S&P 500 losing over 10% in a single day—and the U.S. teetered on the brink of another Great Depression. History, it seems, rhymes with eerie precision. When we compare the 2008 crisis to the 1929 crash, we see not just economic patterns repeating but a damning reflection of human greed and institutional failure. I. The DNA of Disaster: Unchecked Greed and Regulatory Failure In 1926, at the peak of Florida’s real estate bubble, one in three Miami residents worked in property speculation....
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