When Icelandic banks collapsed in late 2008, almost all the inhabitants are affected. The unemployment rate increased 3 times after 3 months. Many people lost all of their life savings.The same thing has happened in the United States, with the scale and complexity greater than many times. When the Investment Bank Lehman Brothers went bankrupt and the world's largest insurance company AIG collapsed in September 2008, Iceland along with world has officially gone into global crisis.
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