GFC has various meanings in the Business & Finance category. Discover the full forms, definitions, and usage contexts of GFC in Business & Finance.
The collapse of credit and consequent global recession that occurred in 2008 as over-extended financial institutions, especially but not exclusively banks, found their assets devalued by defaulting debtors, especially owners of houses whose property values had fallen below their mortgage values due to the bursting of the housing bubble.
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