Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Goverment’s response to the troubles. So, all this starts with home mortgages, and the use of mortgages as an investment instrument. For years, it seemed like the US housing market would go up and up. Like a bubble or something. It turns out it was a bubble. But not the good kind. And the government response was…interesting. Anyway, why are you reading this? Watch the video!
More Financial Crisis Resources:
Financial Crisis Inquiry Report: http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf
TAL: Giant Pool of Money: http://www.thisamericanlife.org/radio-archives/episode/355/the-giant-pool-of-money
Timeline of the crisis: https://www.stlouisfed.org/financial-crisis/full-timeline
http://www.economist.com/news/schoolsbrief/21584534-effects-financial-crisis-are-still-being-felt-five-years-article
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The fault lies not in the stars, but in us.
Happy Thanksgiving. You traded Christmas for thanksgiving
Let me guess. None of those banks ever paid back those loans and are making more profit than ever.
You would have thought 2008 was a eye opener on banks and how greedy they are but I guess we all forgot and let them get away with it all.
Who is here because of the next crisis in 2022?
This is great! Just the point I want to understand because of the movie Margin Call, I was not comprehending the definition of mortgage and why it was a concern in that company. It was a good movie.
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your ability to break down economics for the average Joe and Jane to understand is top notch. You really need to create a course on trading stocks for the retail investors. Thanks for all this great content and information. Lastly get those likes up folks and share this video>>>>
your ability to break down economics for the average Joe and Jane to understand is top notch. You really need to create a course on trading stocks for the retail investors. Thanks for all this great content and information. Lastly get those likes up folks and share this video
2022 are we about to see this again?
We never recovered from 2008 we just kicked the van down the road , this economy has been busted for a long time. Just one big bubble economy
Im here cause i just watched margin call and didnt understand a thing
eat the rich
2022 used car loan bubble?
Thupmps upp if you come here after " The phychology of money"
I was 7 when that happened. Our bubbling growing town suddenly became a ghost town. My dad’s busy company became a 1 man army and he was suddenly home a lot more. Then we moved to a different state and my parents lost the house. My family went from comfortable middle class to almost homeless a few times. Nowadays, my parents has their company again and are looking at getting house finally
Can someone explain why it took till the 2000s for this to happen? Wasn't there mortgages around in 70s 80s 90s etc? The idea only come to them at turn of the century?
Thank you for this!
I was 11 or 12 when it happened so I didn’t really know much, if anything.
There’s a common factor in all of this:
Greed and Big Companies. Corruption.
Correct me if I'm wrong, so this was a case of unregulated greed gone wrong with a domino effect. dang
The deregulation should have gotten more focus. Wtf do you think is gonna happen when banks/investors are given more leash? They use it.
How much percentage did the house prices really drop after 2008
Whos watching this during 2022 crash?
Why are recessions always caused by banks
Man I love crash course 😌
Who's here during 2022 Market Crash?
So will this happen in 2022 orrrrr………
Recession 2022
It’s happening
Who’s here in 2022 before the greatest crash in America