How the 2008 Financial Crisis Really Happened
In 2008, the world economy came dangerously close to a complete and total collapse. By the time it was over, global trade had fallen by almost 10%, more than 8 million Americans had lost their jobs, four million families had lost their homes, and the stock market had lost half of its value. Honestly, the fact that we still have a financial system after this is kind of a miracle. So today, let’s take a look at exactly how the system failed, and how it almost destroyed the world economy.
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Show Notes
From low rates and lax regulation to subprime mortgages, toxic MBS/CDOs, and bank bailouts, this video explains how the 2008 financial crisis unfolded—and how it nearly took down the global economy.
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