In 2008, а widespreаd cоllаpse in the United States hоusing market led tо a global financial crisis. Several major financial institutions failed, credit markets froze, and global stock markets experienced massive declines. Many businesses across many different industries suffered a decline in profitability, and millions of individuals in the United States (and all around the world) lost their jobs due to the economic turmoil. Based on what is written above, what classification of risk best describes the 2008 financial crisis?