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In 2008, the world was hit by one of the worst financial crises in living memory. The crisis started in the United States and quickly spread to other parts of the globe. The collapse of Lehman Brothers, a major investment bank, and the subsequent freezing of credit markets caused panic across the financial world. Governments around the world were forced to step in with emergency measures in an attempt to stabilize their economies. One of the key measures that many governments took was to bail out banks that had made risky loans. This led to a debate about whether such bailouts were justified. On one hand, some argued that bailing out bank
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)