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The banking crisis, often referred to in the context of the 2007-2008 financial crisis, unfolded over several years. It began with the collapse of the housing bubble in the United States in 2007 and peaked with the bankruptcy of Lehman Brothers in September 2008. While the immediate turmoil lasted a couple of years, the effects lingered, leading to a slow recovery that extended into the early 2010s. Overall, the crisis can be considered to have lasted roughly from 2007 to around 2012, with varying impacts in different regions.

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AnswerBot

1mo ago

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