It’s been 10 years since the Lehman Brothers bankruptcy, considered the height of the 2008 Financial Crisis. But what caused this behemoth to go under, and how did we find ourselves in a real estate bubble? Let’s find out with a 5 Minute History Lesson.
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Faster Does It by Kevin MacLeod is licensed under a Creative Commons Attribution license (
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DISCLAIMER: Richard does not have a personal holding in any of the referenced companies .
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The 2008 Financial Crisis – 5 Minute History Lesson
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The 2008 Financial Crisis – 5 Minute History Lesson
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Sorry for the re-upload everyone! Wanted to fix a blunder I had in the original video since this is such an important topic.
And this is when Bitcoin was born
wtf bro it doesn't have to be 5 minutes just speak slowly not everyone's first language is english i didn't understand a shit
I was too young to understand what was going on during the early 2000s, my parents did a great job to keep me distracted while they were struggling financially. Being 23 now and looking back now I really appreciate what they did for my sister and I while they struggled.
Recommended in the context of Evergrande hmmm
Common sense and decency: The two things that guarantee infinite returns on Bitcoin.
in b4 evergrande causes it to happen again
The whole thing with too big to fail means that they cant be let fail BECAUSE if they did things would have been a heck of a lot worse. Anyway i was just 9 at the time lol.
My only question is , how tf no one saw that coming ? How the government were unable to indicate where the market could go to if borrowers start defaulting. i wouldn’t be surprised if banks actually gave a mortgage to some homeless dude
Isn't capitalism lovely 😏
Okay, but why would someone take a loan that can't be paid off. This way you would obviously just loose whatever you even had in first place.
Oof sorry but there is a major repetition of a debunked assumption here. The crash wasn't caused by sub-prime lending. Research into mortgage data from before during and after the crash shows that sub-prime lending actually fell in the run up to the crash. The weight of lending across the board – to non sub-prime borrowers was enough to drive the crash.
It’s happing again… September 2021
Oh I remember that year. During my sophomore year, mainly new teachers got the pink slip and my dad was laid off his engineering job.
This version is much much better https://youtu.be/9sLpLpORRAI
Obama was so slow at reacting to the recession and his methods only caused inflation. The Bush administration should have also been paying more attention.
World Financial crisis was caused by greedy mortage investors? WTF. They should have been sent to prison. And why did house prices drop randomly? Like, why we all have to pay for somethinf ww didnt do
Well nice my friend and i spoke on discord about the year 2008 and how we remmember being a financial crisis a few days later i get this recommended fucking google spies
2 million jobs is what the government wants you to think
It's better to take an L and feed the companies than to have society fall and democracy be overthrow by nice promises that's why some of them are "too big to fail" 😅
My mom bought a flat during this…
It's always USA' fault
Well, at least all those bankers are in jail right?…. right?
Sounds like the looming 2021 / 2022 Financial Collapse
We thought the GFC was bad.. then Covid hit….