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
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Who’s here during the Great Recession of 2022
Who’s here in 2022 before the greatest crash in America
It’s happening
Recession 2022
So will this happen in 2022 orrrrr………
Who's here during 2022 Market Crash?
Man I love crash course 😌
Why are recessions always caused by banks
Whos watching this during 2022 crash?
How much percentage did the house prices really drop after 2008
The deregulation should have gotten more focus. Wtf do you think is gonna happen when banks/investors are given more leash? They use it.
Correct me if I'm wrong, so this was a case of unregulated greed gone wrong with a domino effect. dang
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.
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?
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
Thupmps upp if you come here after " The phychology of money"
2022 used car loan bubble?
eat the rich
Im here cause i just watched margin call and didnt understand a thing
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
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
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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>>>>
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.
Who is here because of the next crisis in 2022?
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.
Happy Thanksgiving. You traded Christmas for thanksgiving
The fault lies not in the stars, but in us.
Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life
The best, as always!
Beautifully explained