🤯 The 2008 Financial Crisis Explained: How it REALLY Happened!

Ever wondered how the 2008 financial crisis happened? 🤔 In this video, we break down the complex world of subprime mortgages, CDOs, and the role of Investment Banks in a way that's easy to understand. We'll explore the factors that led to the collapse of Lehman Brothers and the global financial meltdown, and the devastating impact it had on millions of people. Learn from history and understand the dangers of a housing bubble gone wrong. 🏠💥

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00:04 The 2008 financial crisis was built on dreams and debt.
00:54 Financial engineering led to risky mortgage schemes.
01:45 Global demand and loose lending standards led to the 2008 financial crisis.
02:33 Financial institutions faced collapse due to toxic assets and rising defaults.
03:23 2008 Financial Crisis: September 2008, the month of major events
04:12 The 2008 financial crisis led to frozen credit markets, stock market crash, and widespread economic devastation.
05:00 The 2008 financial crisis exposed flaws in the financial system
05:51 Unchecked greed and disregard for risk led to devastating consequences in the 2008 financial crisis.

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