EPISODE · Jun 4, 2025 · 23 MIN
All the Devils Are Here: The Hidden History of the Financial Crisis
from Podcasts on Papers · host James
"All the Devils Are Here" details the events and key players leading up to the 2008 financial crisis, focusing on the subprime mortgage market, securitization, and the role of major financial institutions. It describes how the pursuit of profits and the lack of effective regulation contributed to the systemic risk, highlighting the activities of companies like Fannie Mae, Freddie Mac, Countrywide, Ameriquest, J.P. Morgan, Merrill Lynch, and AIG. The source also examines the failure of rating agencies and the development of complex financial instruments like derivatives and CDOs, and the individuals who foresaw the impending collapse, such as Lew Ranieri and Brooksley Born, whose warnings were largely ignored.
What this episode covers
"All the Devils Are Here" details the events and key players leading up to the 2008 financial crisis, focusing on the subprime mortgage market, securitization, and the role of major financial institutions. It describes how the pursuit of profits and the lack of effective regulation contributed to the systemic risk, highlighting the activities of companies like Fannie Mae, Freddie Mac, Countrywide, Ameriquest, J.P. Morgan, Merrill Lynch, and AIG. The source also examines the failure of rating agencies and the development of complex financial instruments like derivatives and CDOs, and the individuals who foresaw the impending collapse, such as Lew Ranieri and Brooksley Born, whose warnings were largely ignored.
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All the Devils Are Here: The Hidden History of the Financial Crisis
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