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The Globe and Mail

In pictures: A look at the the financial crisis of 2008

On Bay Street and Wall Street, the subprime mortgage crisis took its toll on both workers and share prices

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A worker rests his head on his accountant bag on a bench in the financial district in New York. When one of Wall Street’s largest investment banks, Lehman Brothers Holdings Inc., went under, the biggest global financial crisis since the Great Depression was on.

Sami Siva/The Globe and Mail

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In November, 2008, The Globe and Mail newspaper reports on Alan Greenspan’'s testimony at the U.S. Congress about the financial crisis.

Sami Siva/The Globe and Mail

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An aerial scene of Toronto's financial district. Canada in many ways was spared the worst of the financial crisis. No banks failed.

Sami Siva/The Globe and Mail

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A business man walks past the Bank of Montreal advertisement in Toronto's financial district. In contrast to the United States, the Canadian government did not have to buy shares of key financial institutions to keep them alive.

Sami Siva/The Globe and Mail

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An advertisement by the HSBC bank in New York encouraged banks to give out loans to customers with bad credit. Subprime mortgages were a key factor behind the financial crisis.

Sami Siva/The Globe and Mail

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A stockbroker in New York takes a break from the a hectic day of trading in November, 2008.

Sami Siva/The Globe and Mail

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An overall view of the trading floor in New York Stock exchange. In the summer of 2008, the financial crisis sendt the S&P 500 10 per cent lower from its peak in May.

Sami Siva/The Globe and Mail

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The New York Stock Exchange, the nucleus of the world's economy. During one extraordinary week, Oct. 6 to 10, the Dow Jones industrial average plummeted 18 per cent.

Sami Siva/Sami Siva

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