Chapter
The Lingering Impact of the 2008 Financial Crisis
00:53 - 04:52 (03:59)
The aftermath of the 2008 financial crisis is still felt by many individuals today, as a result of the reckless lending practices of banks that prioritized their own profits over the well-being of their customers. This economic issue had a profound impact on the real estate market and ultimately trickled down into the larger economy.
Clips
This podcast clears up confusion about the current state of the economy in relation to the 2008 financial crisis, discussing the differences and similarities between the two events and forecasting potential impacts.
00:53 - 02:44 (01:51)
Summary
This podcast clears up confusion about the current state of the economy in relation to the 2008 financial crisis, discussing the differences and similarities between the two events and forecasting potential impacts.
ChapterThe Lingering Impact of the 2008 Financial Crisis
EpisodeEverything You Need To Know About The Housing Market w/ Jaspreet Singh EP 1313
PodcastThe School of Greatness
The subprime lending crisis was a result of banks creating programs to give loans to people with bad credit scores.
02:44 - 04:52 (02:07)
Summary
The subprime lending crisis was a result of banks creating programs to give loans to people with bad credit scores. They were offering loans with no income, no job, no asset requirements and 0% down, leading to a huge housing crash.