<|im_start|>user
When was the last financial crisis and what caused it?<|im_end|>
<|im_start|>assistant
The last financial crisis was from 2007-2008. It was dubbed the Global Financial Crisis (GFC) because it had severe worldwide economic impact. The Global Financial Crisis was caused by the predatory lending of low-income homebuyers, excessive risk-taking of Wall Street and the bursting of the United States hosing bubble.<|im_end|>
