The 2008 Crash Explained in 3 Minutes

#stocks #stockmarket #investing

[DereC]

It's interesting how many of us grew up during this but were too young to know what was going on

[drewkrebs]

you forgot the part where the banks knew the default was coming, so they shorted all their positions on collateralized debt obligations and received a bailout that doubled their profits and left the working American poor.

[DigimonTamerfreak]

Terrible how the economy is built around debt

[kortyEdna]

I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $27000 this month. alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserve.

[rwberger]

Important to note about lending to people who couldn't afford the loans; The government had previously passed a bill that dictated banks couldn't discriminate based on income when giving housing loans and were actively launching investigations and lawsuites against banks that didn't comply.

[cubeow]

Thank you so much for making such a short video. This saved me a huge amount of time when studying for APUSH. I don't want to watch like a 30 minute video on every single little topic

[Topaz]

I’ve heard stuff vaguely about this, I was born in 2008 and got curious what the hell I got brought into the world during

[Ugaritic]

I'm planing about covering the '08 financial crisis in my next presentation, so I'm slowly watching videos to get ready for it.

[onkarnade]

hey quick question. I have a presentation Tom. in my school so can u tell me which tool you used to edit this?

[dianaverano]

Im planning to buy a house in Southeast asia. They told me, my options are : cash or bank financing.

So buying a house is really bank related since a lot of people would choose that.

[universityofknowledge]

In 2023 will it be smart to implement Ai in a stock market only known for inflation???Meaning Ai could beat a game but not what people choose to buy and trade on a daily bases

[thomasfoltin]

This ignores completely that the government directly incentivized risky lending for the sake of inclusion and equity. Banks were not allowed to do interstate mergers unless they met requirements for subprime lending. Fannie Mae and Freddy Mac also allowed a the system to be rigged so that the tax payer took on the risk while the banks took on the rewards.

[bigbadleeroybrown]

It is may of 2023, if you could please tell me at the current time what stage we are in with these series of events? I’m getting married soon and I’m working 7 days a week to afford a home. Is it near its collapse

[Taffer-bxuc]

The Fed just pumped and pumped and pump! Pump! Pump! Pump!

[johnc]

And, this is why I'm against government meddling in the economy and 100% for a total free market.

Government trying to dictate and micromanage the economy results in booms and busts, and bad incentive structure.
A free market is regulated by supply and demand.

[MisterMpp]

Fixed interest rates are wrong. You see. In capitalism the free market would set the proper interest rate