How the financial crisis happened

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The financial crisis happened because of the local banks started to take chances they shouldn’t have.All the chances they took were that if they gave huge loans they would make more money from the people who had to pay them back.This was to risky and so everyone started to be unable to pay back these huge loans of money.Now the financial crisis started as banks lost money.Some had to shut down, and all the banks had to stop.This not only happened around the UK but all around the world and now had to stop giving loans to people to who couldn’t pay them back.

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