now, we all know the result: the bursting of a debt - based bubble; the failure of several of the worlds…

now, we all know the result: the bursting of a debt - based bubble; the failure of several of the worlds largest financial institutions; the sudden decline in available credit; the deterioration of the economy; the unprecedented intervention of the federal government to stabilize the financial markets and prevent a wider collapse; and most importantly, the terrible pain in the lives of ordinary americans. and there are retirees whove lost much of their life savings, families devastated by job losses, small businesses forced to shut their doors. according to the presidents speech, what were some effects of the financial crisis? check all that apply. the loss of savings for many workers the increased strength of banks the increased stability in the economy the loss of credit in the economy growing economic challenges for many

now, we all know the result: the bursting of a debt - based bubble; the failure of several of the worlds largest financial institutions; the sudden decline in available credit; the deterioration of the economy; the unprecedented intervention of the federal government to stabilize the financial markets and prevent a wider collapse; and most importantly, the terrible pain in the lives of ordinary americans. and there are retirees whove lost much of their life savings, families devastated by job losses, small businesses forced to shut their doors. according to the presidents speech, what were some effects of the financial crisis? check all that apply. the loss of savings for many workers the increased strength of banks the increased stability in the economy the loss of credit in the economy growing economic challenges for many

Answer

Brief Explanations:

The text mentions the loss of life - savings for ordinary Americans, which implies the loss of savings for many workers. It also states that there are retirees who lost much of their life - savings, families devastated by job losses, and small businesses forced to shut their doors, indicating growing economic challenges for many. The sudden decline in available credit is also mentioned, which means the loss of credit in the economy. There is no mention of increased strength of banks or increased stability in the economy.

Answer:

  • the loss of savings for many workers
  • the loss of credit in the economy
  • growing economic challenges for many