September 2008. A 158-year-old investment bank collapses overnight.
What follows is the worst financial meltdown since the Great Depression—$19 trillion in household wealth erased and more than 8 million jobs lost.
In this video, we pull back the curtain on how cheap money, sub-prime mortgages, and Wall Street alchemy turned the American Dream into a global nightmare—and why the shockwaves still shape your wallet today.
Timestamps
0:00 The Housing Hype Machine
3:03 The Bubble Inflates – Greed, Leverage, and the Point of No Return
6:56 The Collapse – When the Music Stopped
9:47 The Rescue – Bailouts, Billions, and a Bucket of Rage
💥 Watch till the end for the takeaways every investor—and homeowner—needs to remember.
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📤 Share this video with a friend who still thinks “housing always goes up.”
⚠️ Disclaimer
This video is for educational and entertainment purposes only. Some details may be simplified or contain inaccuracies. Always conduct your own research to gain a deeper understanding of the topic.
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#2008Crash #FinancialCrisis #HousingBubble #Subprime #EconExplained
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The first time I heard my parents fight
If it were purchased at that moment with cash price, this would be the biggest gain, but those installments divided into years are the biggest danger of our future, right on the edge of the abyss.
You know there’s a lot of shit I give my parent’s generation for and especially the boomers but the housing crash was truly when capitalism had everyone fooled.
12:57…. AI boom collapse!
the ai voice is so distracting 🤢
I don't know why the government is allergic to loans.
Rather than loaning the billions to wall-street and banks, it was a gift.
Rather than loaning to aid foreign conflicts and the defense of other nations, it is a gift.
Always charitable with other people money.
I think the sentiment from the comments here tells you that you need to change your product photos.
Assuming that a customer knows that your product isn’t as pictured is flawed logic that will get you in legal trouble eventually.
We should have let the whole thing burn
This is a great video, its like a condensed 13-minute rundown of the The Big Short. I had just started watching in the financial industry in 03/2008 right when it all crashed, it a real lesson learner. Its so sad of all those who lost their Homes and retirement plans they worked their whole for.
And bitcoin was born because of this
Should of let it burn
When this happened, I just graduated high school. I was in college, so I wasn’t affected by this. I can’t believe all this happened, and I had no idea.
Resume of US way of life
In my country, at that time, I was in college and remember it quite distinctly the hate from generally everybody: this was all Americas fault. We constantly questioned ourselves as to why the US's economy somehow tied to ours. Like, if you sink, YOU sink. Why and how do you drag the rest of the world with you? It wouldn't be years later that we learned that the US didn't just print money to save Wall Street, it borrowed it. China alone loaned y'all 250 BILLION DOLLARS TO KEEP YOUR ULTRA WEALTHY AFLOAT!! I swear, American capitalism is a disease and a disgrace.
😂 are we sure this ever actually ended? Banks are selling 1960-70’s houses for 3-400k still
Or people are buying houses and flipping them into air bnb’s
That’s why I don’t think we actually ever escaped the housing bubble. It only changed shape
"You can't afford this $1,200 a month mortgage, but you CAN afford this $2,000 a month rental."
THAT is how you create a higher debt to credit ratio that keeps you from affording a home while they keep cranking the handle that squeezes every last dollar they can from each home they sell.
The ethics behind this is just one form of the hand rubbing, money grubbing system in place.
Those with the money make more money from those that barely have enough money of their own to survive.
I dont think they could do it like that this time. People are too switched on.
Imagine the rich getting richer while leaving the majority with nothing to lose. Theyd just be dragged out in the streets and eaten.
Biggest mistake after the crash was the bailout.
Glad my wife and I waited until after this BS. Now we have a half million dollar home at 2.75%
I was 18 and fresh out of high school a year or so after this happened. I went to work for a loan modification company, being naïve and thinking I was doing something good for the world. Turns out loan modification was a huge scam: you charged people a month’s mortgage payment (which they obviously couldn’t afford anyway) to take their default payments and throw it at the end of their mortgage or roll it back into the loan…which is something they literally could have done themselves for free by just calling the bank and asking. Needless to say, I didn’t stay there too long, but the thing that really rubbed me the wrong way was the two guys running the place.
They started the company as soon as the financial crisis hit shortly after being career bank loan officers. They’d brag about how they’d get people approved with zero income verification, or sell them on a HELOCs (home equity line of credit) on equity that didn’t even exist anymore, all without even getting a social security number. They could get a loan approved with just a tax ID number. They profited off of destroying the world, and were profiting off of the wake of the destruction, too.
I checked a year or so later to see if they still existed, and they were gone. Vacant office, and non working phone numbers. It was like watching someone stab someone, charge them for the bandaid, and pretend like they did them a favor.
Wow, wild
Great time to grab a house if you had a job. Less than 6 figures brand new.
I'm about to get hired this Thursday I will be starting this Friday or the following Friday it's a guarantee it's a fact I am about to work full time well first things first I'm about to go from working part time but first I need to work on going from part time to full time
Ohhh so this is the reason why I have to study for the 125 question NMLS Safe Exam