The 2008 Financial Crisis – 5 Minute History Lesson financial history

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It’s been 10 years since the Lehman Brothers bankruptcy, considered the height of the 2008 Financial Crisis. But what caused this behemoth to go under, and how did we find ourselves in a real estate bubble? Let’s find out with a 5 Minute History Lesson.

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Intro/Outro Music:
Episode Music:
Faster Does It by Kevin MacLeod is licensed under a Creative Commons Attribution license (

DISCLAIMER: Richard does not have a personal holding in any of the referenced companies .

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The 2008 Financial Crisis - 5 Minute History Lesson

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The Plain Bagel 26/09/2021 - 2:25 AM

Sorry for the re-upload everyone! Wanted to fix a blunder I had in the original video since this is such an important topic.

History Aesthetics 26/09/2021 - 2:25 AM

I was too young to understand what was going on during the early 2000s, my parents did a great job to keep me distracted while they were struggling financially. Being 23 now and looking back now I really appreciate what they did for my sister and I while they struggled.

XLR5 26/09/2021 - 2:25 AM

Recommended in the context of Evergrande hmmm

m4mario 26/09/2021 - 2:25 AM

Common sense and decency: The two things that guarantee infinite returns on Bitcoin.

Angelo H 26/09/2021 - 2:25 AM

in b4 evergrande causes it to happen again

Swess2908 26/09/2021 - 2:25 AM

The whole thing with too big to fail means that they cant be let fail BECAUSE if they did things would have been a heck of a lot worse. Anyway i was just 9 at the time lol.

issa abdulsada 26/09/2021 - 2:25 AM

My only question is , how tf no one saw that coming ? How the government were unable to indicate where the market could go to if borrowers start defaulting. i wouldn’t be surprised if banks actually gave a mortgage to some homeless dude

Yaroslav Миколайович 26/09/2021 - 2:25 AM

Okay, but why would someone take a loan that can't be paid off. This way you would obviously just loose whatever you even had in first place.

Taien Quinn 26/09/2021 - 2:25 AM

Oof sorry but there is a major repetition of a debunked assumption here. The crash wasn't caused by sub-prime lending. Research into mortgage data from before during and after the crash shows that sub-prime lending actually fell in the run up to the crash. The weight of lending across the board – to non sub-prime borrowers was enough to drive the crash.

208gk 26/09/2021 - 2:25 AM

It’s happing again… September 2021

GeekMario 26/09/2021 - 2:25 AM

Oh I remember that year. During my sophomore year, mainly new teachers got the pink slip and my dad was laid off his engineering job.

bannerlad01 26/09/2021 - 2:25 AM

This version is much much better

Cheyne Poole 26/09/2021 - 2:25 AM

Obama was so slow at reacting to the recession and his methods only caused inflation. The Bush administration should have also been paying more attention.

skojuzija 26/09/2021 - 2:25 AM

World Financial crisis was caused by greedy mortage investors? WTF. They should have been sent to prison. And why did house prices drop randomly? Like, why we all have to pay for somethinf ww didnt do

Crane cane 26/09/2021 - 2:25 AM

Well nice my friend and i spoke on discord about the year 2008 and how we remmember being a financial crisis a few days later i get this recommended fucking google spies

That random Guy on the internet 26/09/2021 - 2:25 AM

2 million jobs is what the government wants you to think

Number 9 26/09/2021 - 2:25 AM

My mom bought a flat during this…

dzombaj_ga 26/09/2021 - 2:25 AM

It's always USA' fault

nicosanchez1980 26/09/2021 - 2:25 AM

Well, at least all those bankers are in jail right?…. right?


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