The 2008 Economic Disaster: Crash Course Economics #twelve
Right now on Crash Course Economics, Adriene and Jacob converse about the 2008 financial crisis and the US Goverment’s response to the problems. So, all this begins with home mortgages, and the use of mortgages as an expenditure instrument. For a long time, it appeared like the US housing sector would go up and up. Like a bubble or a little something. It turns out it was a bubble. But not the excellent variety. And the governing administration response was…attention-grabbing. In any case, why are you reading this? Look at the video clip!
More Economic Disaster Means:
Economic Disaster Inquiry Report:
TAL: Large Pool of Funds:
Timeline of the crisis:
Crash Course is on Patreon! You can help us right by signing up at
Many thanks to the pursuing Patrons for their generous regular contributions that assist hold Crash Course cost-free for absolutely everyone permanently:
Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen area, Moritz Schmidt, Right now I Uncovered Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson
—
Want to locate Crash Course elsewhere on the net?
Facebook –
Twitter –
Tumblr –
Help Crash Course on Patreon:
CC Little ones:
22 comments
D Con March 3, 2017 4:12 am
I learned more in this 11:24 video, than I did my entire semester of Economics.
ReplyFilippo Sguotti March 3, 2017 4:12 am
take it john green! it's not in the stars! btw just kiddin, great series and great channel overall : )
ReplyTheFreePantheist March 3, 2017 4:12 am
hahaha "government provided emergency loans to protect fundamentaly sound banks from collapsing" If banks are so fundamentaly sound why do they need a bail out every decade? "Real wealth, of course, consists in what is produced and consumed: the food we eat, the clothes we wear, the houses we live in." -Henry Hazlitt
ReplyElliot Wilmo March 3, 2017 4:12 am
The guys belt-peice made me listen 😛
ReplyMarcello Adorno March 3, 2017 4:12 am
As a European, I would say
ReplyThe fault lies not in the stars, but in the US
Scarlet Flare March 3, 2017 4:12 am
Starts at 0:29 for those cramming P.S. you can understand words at x1.5 speed
Replysgt7 March 3, 2017 4:12 am
AC/DC
ReplyJeffrey Jacob March 3, 2017 4:12 am
Loans were given out so freely due to government subsidies
ReplySaransh Parimoo March 3, 2017 4:12 am
I didn't get that credit default swap???
ReplyDankFuzzball58 March 3, 2017 4:12 am
Summary: Big Banks and Wall St. investors were greedy jerks and make millions off of the American people while crashing the economy, got a slap on the wrist and now are better off than they were. The deregulation of the Big Banks and repeal of Glass-Steagall helped with that. You can thank Bill Clinton for the repeal of Glass-Steagall. Also, Goldman Sachs was one of the biggest, if not the biggest, perpetrator in this scheme. None of those crooks got jailed. But we, the taxpayers, had to bail them out. Iceland did it right when they jailed the bankers and bailed out the people.
Replylavenderson March 3, 2017 4:12 am
It's been getting better? That's a stretch if I ever heard one
ReplySean Keefe March 3, 2017 4:12 am
Good thing the Dodd Franck Act will help prevent this in the future.
…aaaaaaand it's gone
Replyfrank din March 3, 2017 4:12 am
Isn't it the government who encouraged the banks to make sub-prime loans in the first place?
ReplySam Fraser March 3, 2017 4:12 am
Didn't y'all promise in the introductory episode to give us both points of view? I feel like you've only shared one side of the story and I have to read the comments to get the rest.
ReplySaransh Parimoo March 3, 2017 4:12 am
Is it me or does it takes everyone else too, 5-6 viewings, to understand these economics videos.
ReplyMrTheoristFist247 March 3, 2017 4:12 am
The fault lies not in the/our stars, but in us
ReplyMrTheoristFist247 March 3, 2017 4:12 am
NECCCK.
ReplyLIO March 3, 2017 4:12 am
Dodd frank was killed today by Donald trump.
ReplyHold on
Janne Cederberg March 3, 2017 4:12 am
How convenient that you forget to mention that the whole crisis was only made possible because of artificially low interest-rates and the government both forcing banks to lower lendingstandards and operating Fannie and Freddie which allowed for all the moral hazards to accumulate. Ironic indeed that possibly the two main villains of this drama, Alan Greenspan and Barney Frank are given positive coverage in this video.
ReplyCJ C March 3, 2017 4:12 am
I'll never understand why people on here are arguing about which party was to blame. This isn't a partisan issue. Politicians and influential bankers of all kinds proved themselves to be devoid of empathy and consequence when it came to their own fortune.
ReplyThis isn't about democrat or republican. This is about irresponsibility and greed at the top of society.
The fact that it can be blamed on either side of the political spectrum is evidence that it was the fault of many.
UpIsDown 14 March 3, 2017 4:12 am
Damn, that's exactly like Canada in recent years…
ReplyStudioUAC March 3, 2017 4:12 am
they should have let the banks fail
Reply