The 2008 recession/financial crises one of the worst of its kind in a generation. Major economies including the United States and the UK suffered a period of recession, consistent low-growth, rising unemployment and many businesses closing down.
A 10-member committee called the Financial Crisis Inquiry Commission was setup by the US government to study the causes of the recession, in the hopes that a future similar crisis could be prevented.
In 2011, the committee released their findings and pointed out the two major reasons for the crisis:
1. The basic reason for the crises as the Collapse of the housing market.
2. Which in turn was fueled by toxic mortgages, low-interest and easy credit available to everyone and minimal regulation.
The report also pointed out vast problems of corporate governance, lack of government will and unpreparedness.
I believe that all <span>13 states had to agree to any amendment of the federal government's power.</span>
According to the official source (<span>Justice Department's Bureau of Justice Statistics) a</span><span>bout 12% of youth in state juvenile facilities and large non-state facilities reported experiencing one or more incidents of sexual victimization.
So the correct answer is 13%.</span>
