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Colombia flagBryam
About 2008 Finantial Crisis Hello, I've been reading an article about the Finantial Crisis in 2008 and there is a part that I don't understand. I'd appreciate if you could help me. This is the specific sensence: "causing those most reliant on it to founder" I know what a founder is "a person who founds" but it doesn't fit into the context, I don't see how, at least. Here is the complete paragraph: "Trust, the ultimate glue of all financial systems, began to dissolve in 2007—a year before Lehman’s bankruptcy—as banks started questioning the viability of their counterparties. They and other sources of wholesale funding began to withhold short-term credit, causing those most reliant on it to founder. Northern Rock, a British mortgage lender, was an early casualty in the autumn of 2007"

Answers · 13

4
To 'founder' is a verb, meaning to be unsuccessful. If a company founders, it fails, like a ship that fills with water and sinks to the bottom of the sea. Northern Rock was very reliant on short-term credit, so it foundered following the 2007 crash. 'Flounder' is a different word, meaning to struggle.
2
Hi Bryam - it's a typo - it should be "flounder". All the best, Tom
2
I agree with Su.Ki - this is a correct use of the word founder, meaning collapse or sink to the bottom. It is from Latin fundus meaning bottom, and is related to the modern English words foundation and profound.
1
Hi Bryam, I'm 99% sure that it's actually a typo for "flounder", meaning to struggle or to be in serious difficulty.
0
Hi there Bryam, I would assume that this a typo and that what they meant to say was flounder. Flounder is an idiom meaning to falter or struggle. I like to think of a fish out of water struggling to breathe. Hopefully this imagery helps you understand the meaning a bit better. All the best in your studies, Maya

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