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How the 2008 Financial Crisis Happened – The Untold Story of the Subprime Collapse

How the 2008 Financial Crisis Happened – The Untold Story of the Subprime Collapse

FinNewsNow... · 11:44 · 9,747 plays

From the album Finance News Room

Description

The 2008 Financial Crisis didn’t happen overnight. It was the result of years of risky lending, subprime mortgages, complex financial products, and a housing market that seemed impossible to stop.In this episode, we break down how the subprime mortgage boom turned into one of the biggest financial disasters in modern history. From banks handing out loans to borrowers who couldn’t afford them, to mortgage-backed securities, credit default swaps, the collapse of Lehman Brothers, and the global panic that followed.We’ll uncover the chain of decisions that brought the financial system to the edge, explain who made money along the way, who ultimately paid the price, and why the effects of 2008 are still being felt today.If you’ve ever wondered how a housing crash in the United States nearly brought down the entire global economy, this is the story.

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