Financial Crisis 2008 EXPLAINED

One of the worst Financial crisis happened in 2008 which brought the whole world economy to its knees. Lewis Raneiri, a bond trader at solomon brothers changed banking forever with his one simple idea of Mortgaged Backed Securities (M.B.S). Little did he know his one simple yet brilliant idea would mutate into a monstrosity that will leave millions homeless.
This video tries to explain the financial collapse of 2008 in the most lucid manner possible while still giving a glimpse about the complex financial instruments (CDOs), leverage, etc.

For a more in depth coverage of financial crisis, 'The Big Short', both the book and the movie is recommended (Link given below)

[sreejmd]

you have explained this so well. You teased out the details and presented it in a simple format. Good job, keep it up

[instantviral]

Almost watched 10 videos about this after watching The Big Shirt, I must tell you have a great way of explaining things to people. And a pro-tip : Add title that this video will help understand helping the Movie( or something) The Big Short bcoz lot a people are search for it.

[islandsfuldkorn]

This video helped more than any other video i had found on the internet

[FleetTech]

This video was very good explanation. I couldn’t understand the other videos on this topic on YouTube. Good work

[yusuf.alajnabi]

A great simple way to explain it well done. Be prepared to do one for Australia next as we are about to experience a similar thing.

[agari]

I think this is even better than the CC video. It's very easy to understand.

[alisonm]

Best video on the internet explaining this crisis

[r.g.]

Listening to this guy talk, just made me want to go get me a BIG GULP!

[monalisasingha]

Nicely explained, concept are really clear. Well done 👍🏻

[jeannedellphotograph]

This is part of what happened but not the real reason. I saw a documentary years ago, but since was taken down I think, where the incompetent government worker (a lady) was in charge of stamping them with an A rating. And this is the real reason foreign investors were assumed that the investments were safe. She single handedly caused the collapse. Let me know if someone finds this episode online, I remember it was a small town in Norway lost all its money and was futures in the episode.

[Fireloop]

Nice explanation, better than some others out there

[apekshatiwari]

Good work. Thanks for making the video. Do you have any educational background in economics? :)

[rezshylmariekit]

It's a brilliant explanation but better to have subtitle next time😊

[ahmedestateproprty]

Kindly tell me what is the name of software in which the video is made?

[EMusicT]

I mean the accent is totally killing me, I cant concentrate

[hamad]

The T is silent in the word mortgage - (More - gage)

[lorenzodavila]

No disrespect but you're accent made it extremely hard to understand.