rewrite this statement: The financial meltdown of 2008 was declared the most brutal economic crisis in modern-day history, caused by a failure in crisis governance and a lack of established supply risk mitigation processes. Events before the 2008 financial crisis were caused by weak regulations and indecisiveness within government entities that led to the collapse of major financial institutions such as construction companies, real estate companies, and numerous associations. These failures contributed to the inception of the crisis, continuous economic hardships, and instability and are traceable to the rise in unemployment and homelessness in the United States. Ratha, K. C., & Mahapatra, S. K. (2013) refer to crisis governance as a form of a political system and how the power is exercised in utilizing the country's economic and social resources for future development. It also deals with the capacity of government to design, formulate, and discharge government functions. Since the meltdown in 2008, parameters have been imposed through reforms and regulations to prevent catastrophes from happening again. This paper will analyze the events before the financial meltdown while examining the failures leading up to the event, and identify the lessons learned for future risk mitigations in the supply management processes