EPISODE · Dec 10, 2024 · 21 MIN
The Big Short by Michael Lewis - Episode 018
from Bound to Improve · host Bound to Improve
This episode dives into the fascinating and chaotic story behind the 2008 financial crisis, as told by Michael Lewis in The Big Short. We explore how mortgage loans were packaged into securities, how subprime mortgages fueled a housing bubble, and how financial innovations like Credit Default Swaps (CDS) and Collateralized Debt Obligations (CDOs) amplified the risks. Meet the key players—like Michael Burry and Steve Eisman—who recognized the cracks in the system and placed bold bets against Wall Street’s greed and overconfidence. From the rise of subprime lending to the collapse of major institutions like Lehman Brothers, this story is a gripping lesson in the consequences of unchecked risk and poor oversight. Listen on YouTube, Apple Podcasts, and follow our socials: YouTube: Bound to Improve - YouTube Apple Podcasts: Bound to Improve - Apple Podcasts Instagram: Bound To Improve Podcast (@boundtoimprove) TikTok: boundtoimprove (@boundtoimprove)
What this episode covers
This episode dives into the fascinating and chaotic story behind the 2008 financial crisis, as told by Michael Lewis in The Big Short. We explore how mortgage loans were packaged into securities, how subprime mortgages fueled a housing bubble, and how financial innovations like Credit Default Swaps (CDS) and Collateralized Debt Obligations (CDOs) amplified the risks. Meet the key players—like Michael Burry and Steve Eisman—who recognized the cracks in the system and placed bold bets against Wall Street’s greed and overconfidence. From the rise of subprime lending to the collapse of major institutions like Lehman Brothers, this story is a gripping lesson in the consequences of unchecked risk and poor oversight. Listen on YouTube, Apple Podcasts, and follow our socials: YouTube: Bound to Improve - YouTube Apple Podcasts: Bound to Improve - Apple Podcasts Instagram: Bound To Improve Podcast (@boundtoimprove) TikTok: boundtoimprove (@boundtoimprove)
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The Big Short by Michael Lewis - Episode 018
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