Watch Brian's Ted Talk and answer the questions below: What was the short-term impact of the financial crisis on the economy? What has been the long-term impact on the economy? Whatever happened to Fannie Mae and Freddie Mac? How did the crisis change the housing market? Whatever happened to Lehman Brothers? Did anyone go to jail for causing the financial crisis? Is the financial system safer than it was before the crisis? https://youtu.be/tye525dkfi8?si=fL2rjV6Af3ALXfst

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1 Shortterm Impact of the Financial Crisis on the Economy The shortterm impact of the financial crisis which began in 20072008 was severe It led to a sharp contraction in economic activity widespread ... View the full answer