The 2008 Financial Crisis: From Subprime Mortgages to Global Contagion

In this episode, we examine the 2008 financial crisis, often referred to as the Great Recession, which had far-reaching consequences for the global economy. We'll delve into the complex web of factors that led to the crisis, including the rise of subprime lending, the securitization of mortgage-backed securities, and the role of credit rating agencies. We'll also explore the actions (or inactions) of policymakers and regulators, as well as the impact of the crisis on individual consumers, businesses, and financial institutions. By understanding the underlying causes and the chain reaction that unfolded, we can gain insights into the vulnerabilities of the modern financial system and the importance of effective regulation and oversight. Learn more about your ad choices. Visit megaphone.fm/adchoices