The accretionary wedge is like the accretionary prism and the definition of that is : *a mass of sedimentary material scraped off a region of oceanic crust during subduction and piled up at the edge of the overriding plate (source : dictionary)* and the formation is when two plates crash and one slides under the other one I believe and sand ad sediment go into the little open space between them that give you a wedge. Hope I helped.
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It may be curtailed if there is a possibility that such expression might lead to some evil. In cooperative federalism, responsibilities are mingled and distinctions are A term derived by President Lyndon B. Johnson to describe his own view. I hope my answer has come to your help. God bless and have a nice day ahead!
From what I know about the recession of 2008, it was started with the housing market. Too many people who could not afford to buy houses took out loans they could not afford and bought houses. Some took out an "insurance" from AIG for there loan, only to find out AIG could not afford to pay back the failed mortgages they insured. It just really messed with the national economy.