How it Happened - The 2008 Financial Crisis: Crash Course Economics #12

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Title	:	How it Happened - The 2008 Financial Crisis: Crash Course Economics #12
Lasting	:	11.25
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Views	:	4 jt

I wouldn't say "things got better" I would say "things were covered up" , or at best, "patched up", great explanation though, thanks
Comment from : @Jim-iw1yd

Good thing I kept my crossbow
Comment from : @michaelp2952

What about the impact of ending glass steagel?
Comment from : @Pontiakos

Moral of the story: Don't be greedy I guess that pretty much sums it up?
Comment from : @babayaga1359

Everyone should watch this video!
Comment from : @flaviospadavecchia5126

literally the best explanation of this crisis on YT
Comment from : @zhalaasgarli425

Okay but why the woman looks like Pam from The Office
Comment from : @bilalasif3796

Imagine when they make this video about the 2020s crisis 😅
Comment from : @Daydreamerr13

had to come to this video while watching the big short its a great film by the way, just like this video
Comment from : @shubhsahijwani5413

Let me do my angry Squidward impression again the housing bubble? brbrI think your problem is that you’ve eaten all your 5’s Because it’s much easier to deal with the five that turns into a six and an eight or nine that was a six
Comment from : @RyanTorrie_RMTorrie

Any Hindi vedio this story
Comment from : @MukeshYadav-ji8gh

Oh but its not gambling
Comment from : @rnfl4089

Amazing video, thanks!
Comment from : @casalonijain24

You skipped the part where the government coerced banks to lower lending standards, thus causing a 30 year moral hazard that led to the collapse of the housing market But go on
Comment from : @Guti3737

We will never see pre-Great Depression or even pre-2008 levels of stability for the rest of time The predatory bankers/investors/lenders should've been made an example of and jailed, or worse (but hindsight is obviously 20/20)
Comment from : @meepers0179

The end of the video, with Dodd Frank, is already outdated😢
Comment from : @joost00555

I was about 7 years old when the market crash happened, my mom and dad had JUST bought a home after it happened for 90,000$ our home is now worth 550k!
Comment from : @opsandworm204

this is why i bought bitcoin in 2013 cheap as chipds stack those saoshis this comment is time sensitive
Comment from : @shhwinner6663

On point great job! Love it 🎉🎉🎉🎉
Comment from : @alphacygnusmedia5828

Good video but what really caused the house prices to go up? Wish you went deeply than this and also how the Buble burst caused a crash in a stock market
Comment from : @FrankensteinDZWOT

So from what I understandbrbr* Banks become very lax in their lending practicesbr* Millions of people get loans to built houses either to rent or sell them since housing was one of the profitable business in the US, creating the "Housing Bubble"br* Various companies in the US insist investing in housing is one of the safest investments around, causing more people to invest in housingbr* People that got late into the "Housing Bubble" are unable to payback their mortages because of high prices, causing them to defaultbr* Working Class People that are still paying for their homes are unable to keep paying their mortages or landlords because of high prices, forcing them to sells their properties and/or their homesbr* Both late investors and working class people start defaulting on massbr* Since nobody has the money to buy or built houses, the "Housing Bubble" pops, leading to the price crash of house pricesbr* Not only are people not paying back their loans but any property that could be taken by the banks has no relatively good value to get their money backbr* Banks enter into panic mode, causing a lot of people to get their money out of the banks in mass, practically causing many banks to have no money left for significant loans or investmentsbr* Banks collapse, thus Economic Crisis ensues
Comment from : @diegojose4173

Covid recession be like: hold my beer
Comment from : @marcuslevis

I still blame the FEDs for this, because in the end they benefit by either buying off the failed banks cheaper or something The fed can print credit as long as someone will borrow it into existence, but they cannot print product (or production)
Comment from : @kimyoung8414

The way you conduct your explanation is just phenomenal brThank you
Comment from : @mironus85

My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit
Comment from : @Deanswain19

Finally,someone who explain this in a understandable way
Comment from : @thyblackpanther

Dang now in 2023 banks failed again
Comment from : @mxrcxlino

but why did energy stock fell because the bubble was just in housing market
Comment from : @navdeepsaroha5984

Expecting it to happened this year again with different story
Comment from : @Soother408

Silicon Vally Bank brought me here
Comment from : @frextherchan6133

The AC/DC belt buckle took me by surprise
Comment from : @kurosawafication

WOOOOOOOO ITS HAPPENING AGAIN
Comment from : @metro7623

It ain't what you know that gets you in trouble It's what you know for sure that just ain't so
Comment from : @xentaatnex8261

my brain stopped working at around 4 min mark
Comment from : @thizAHandle

3:25 Subprime morgages
Comment from : @paifu

Bankers wrecked the economy That’s what happened
Comment from : @Ristofec

“The self correcting nature of the markets” 🤣🤣🤣🤣🤣
Comment from : @Ristofec

Superbly easy way of explaining the 2008 FC, glad for this channel's existence!
Comment from : @AvneetKaurKhokha

It’s coming AGAIN It’s a fair warning
Comment from : @Aministo

Oy vey
Comment from : @happygofishing

List three (3) lessons learned from the financial crisis of 2008 Support your response with citations Explain lessons learned
Comment from : @spartanssquad8414

I was 8 when this happened and had no idea what was going on I can’t imagine what my dad must’ve felt when me and my brother would ask him if he could buy us Pokémon diamond and pearl each
Comment from : @AlexLopez-np6td

She kinda looks like Pam from the office
Comment from : @captdeadpool2279

I was in my 20s in 2008, I was already poor, I didn’t notice at all
Comment from : @Azeminad

I LIKE THE animation , what tool can i use to create one ?
Comment from : @aminahitek5307

This is why we can’t have nice things
Comment from : @thomasraymer1085

Thankful for this but also not really appriciated
Comment from : @johnprincewill5000

petition to make the greens narrate every video on crash course
Comment from : @otfina1090

when everybody wants to make easy money this happens i make money the right way with actual work put in
Comment from : @kickboxer8173

We bought a small two bedroom house in 2005 for $120K with a fixed rate mortgage Three years later, our income and down payment would have bought us a $250K house but with a balloon mortgage and a barely affordable payment- no thank you
Comment from : @ElizabethT45

That was muuuuuch better video than the previous one, i could understand very well The seriousness at the end surprised me
Comment from : @GustavoSilva-ny8jc

10:40 John Green TRIGGERED
Comment from : @GustavoSilva-ny8jc

5:14 It reminds me the idea that growth by infinite expansion (ie building endless factories) is impossible
Comment from : @GustavoSilva-ny8jc

3:44 MY GOD
Comment from : @GustavoSilva-ny8jc

3:49 Oh ho, this is reminding me the crisis Apple got itself into when Jobs was fired They started to make more product for more profit but the colossal weight of them made it hard to manage and this resulted in dubious qualitybrbrAnd "lower version 2, 3, 4 of product X" just diminished the valued of product X and wasted resouces
Comment from : @GustavoSilva-ny8jc

My family was too poor for this to have effected us Thankful for that as now I’m in a much better place and own my home
Comment from : @sophialynne1277

Wow
Comment from : @DeadAccount43_

No way, not the Mr Clifford adrian hill feature
Comment from : @samglick8479

Welp time to rewatch The Big Short again for the 17534th time
Comment from : @ragingXdemon23

that belt buckle is WILD
Comment from : @Piazzafan1

They just kicked the can down the road and you and I get to pay it off See today's inflation
Comment from : @brettaxelson6163

We survived the crisis until now 2022/23
Comment from : @TIAVITV

I was just getting out of college and entering the workforce All my friends and I can get were Temp jobs Thus giving millennials one hell of a delayed start Most of us still can’t afford to buy homes Goalposts keep getting moved
Comment from : @roseq536

That ACDC belt is absolut meta chad
Comment from : @tamoghnamaitra9901

Confirmation confirmationbrConfirmation
Comment from : @anthonyyslas2861

“And here it becomes evident that the bourgeoisie is unfit any longer to be the ruling class in society and to impose its conditions of existence upon society as an over-riding law It is unfit to rule because it is incompetent to assure an existence to its slave within his slavery, because it cannot help letting him sink into such a state that it has to feed him instead of being fed by him Society can no longer live under this bourgeoisie; in other words, its existence is no longer compatible with society…brbrWhat the bourgeoisie therefore produces, above all, are its own grave diggers Its fall and the victory of the proletariat are equally inevitable”
Comment from : @mrtonyisgod1572

This video is beautiful and teaches soo much, I love this channel
Comment from : @amarjethi3231

Mr Hankey spotted at 5:53
Comment from : @DeltaStar480

While the video did an excellent job explaining the role financial institutions and investors play in the 2008 crash, that's only partial Other crucial factors are failed government policies, namely Ginnie Mae, Fannie Mae and Freddy Mac and federal reserve interest rate policies I would argue, those government policies of Mae and Freddie started the housing bubble
Comment from : @scalvarese1

Simple The small hat tribe gave out a whole lot of money, including to mostly other small hat tribe members Everyone went bankrupt and the small hat tribe members at the top of society gave out more money to their small hat tribe buddiesbrbrRinse Repeat Still happening to this very day
Comment from : @ThatZenoGuy

The teachings on this channel are always top notch so informative and easy to understand, it's very hard to find good content online these days
Comment from : @charleyluckey2232

Excuse me, but *what*??? The blame can be spread equally across participants in the economy? A particular slice of participants played fast and loose ("risky" is too kind a word) to the ultimate detriment of everyone In addition, those same people recieved bailout relief from the government at powers of magnitude per capita greater than the $800 billion stimulus spread across a broader and more diverse set of recipients from small businesses to individual citizens Now I'm curious why you chose not to disclose the numbers handed out by TARP to those "too big to fail" The tone, the tooltips with key vocabulary words, cherry-picked quotations (the final one a clumsy attempt at rhetorical pathos), the brown kid on the school bus that flashed on the screen when talking about the stimulus program, this is clearly selling a sanitized, disingenous view of the most important financial event in generations Gross
Comment from : @NapGod

The first thing that correlates to economics is mortgage and she describes as a peice of paper that you buy with paper I can see the greed already
Comment from : @Smoky50cal

It’s happening now! 2022 nov
Comment from : @MegaRasouli

Hits different in 2022 🤪👌🏻
Comment from : @marias8671

I was only 10 I only remember playing Mario kart wii at my grandmas house in 2008
Comment from : @Logan-wu5kr

I used to feel overwhelmed when my portfolio would drop a few dollars Now that I've learned how the market works, I see bear markets as a giant opportunity to build generational wealth for me and my family In just 5 months my portfolio have accrued gains of over $300k
Comment from : @lorihomer1721

you forgot MW2 and Avatar
Comment from : @chiimumango3979

North Korea: Sucks to be you
Comment from : @umarhaneef6371

Did anyone understand anything?
Comment from : @spaghetti7379

I was eight when that happenedand I was playing video games during the time as well
Comment from : @kazumayagami7093

It's a travesty that you forgot to mention the fact that US government policy created the circumstances for this to happen in the first place It promised to cover any losses suffered by banks when those banks lent out money to perspective home buyers and the buyers defaulted This crash was facilitated by bad government policy, and is a perfect example of why interfering with the free market is a bad idea
Comment from : @joshfritz5345

my parents lost everything during this time when i was born its crazy
Comment from : @Nedums

The sad thing about this explains the current housing crises in 2022/2023 except interest rates are at all time highs across the board along with house prices and inflation I pray we won’t have another ‘08 style recession
Comment from : @carlosgamez6230

i was in first grade at this time, and i remember a bunch of kids leaving my school around this time and i didn’t know why i later realized that they couldn’t afford tuition and it makes me feel so bad for them looking back
Comment from : @august2241

❤❤
Comment from : @h0a98

Beautifully explained
Comment from : @harshporwal

The best, as always!
Comment from : @zahraamin3905

The fault lies not in the stars, but in us
Comment from : @mt7able

Happy Thanksgiving You traded Christmas for thanksgiving
Comment from : @tamekkaknuth9612

Let me guess None of those banks ever paid back those loans and are making more profit than ever brbrYou would have thought 2008 was a eye opener on banks and how greedy they are but I guess we all forgot and let them get away with it all
Comment from : @FleetTech97

Who is here because of the next crisis in 2022?
Comment from : @fethapps8805

This is great! Just the point I want to understand because of the movie Margin Call, I was not comprehending the definition of mortgage and why it was a concern in that company It was a good movie
Comment from : @cholasuek

>>>>>> bryour ability to break down economics for the average Joe and Jane to understand is top notch You really need to create a course on trading stocks for the retail investors Thanks for all this great content and information Lastly get those likes up folks and share this video>>>>
Comment from : @margaritas6794

your ability to break down economics for the average Joe and Jane to understand is top notch You really need to create a course on trading stocks for the retail investors Thanks for all this great content and information Lastly get those likes up folks and share this video
Comment from : @MaryCcn