The global financial crisis, brewing for a while, really started to show its effects in the middle of 2008.
Around the world stock markets plunged, banking giants and large financial institutions collapsed and governments across the globe had to intervene and release billions of dollars to bail out their financial systems.
The current global financial crisis is perhaps one of the most serious economic challenges the Americans have ever faced.
rediff.com brings you some disturbing facts about how the financial meltdown has reshaped lives of many in what is popularly known as the 'land of milk and honey'.
Image: The Venetian Resort hotel Casino n Las Vegas, Nevada. | Photograph: Ethan Miller/Getty Images
Also read: Why Lehman Bros went bust; what it means for you
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