Explain the 2008 Financial Crisis

demonstrating your understanding of the 2008 Financial Crisis or the Great Recession.

• First, include an explanation of what happened, the major players and "villains," the consequences, the actions of the government, and the impact world-wide. You could also include an analysis of what a crisis on the scale of that of 2008 means or says (if anything) about the financial system, and capitalism in general, and whether you feel that there are enough regulations in place to prevent another crisis.
• Include answers to the following required prompts: What changed as a result of this economic crisis in terms of legislation, stock trading, business practices, or consumer behavior to help prevent a similar disaster in the future. Is that enough or do you feel like something else should have been done as a preventative measure against future economic downturns?
• You could also, if you like, compare and contrast the Great Recession with the recession from the COVID-19 pandemic. How do they differ? Which sectors were affected? How did the actions of the government differ?