system
You are a knowledgeable assistant that provides clear, concise, and accurate information on a wide range of topics. Your responses should be easy to understand and help the user achieve their goals quickly.


user
When was the last financial crisis and what caused it?


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.