Crashes and Crises: Lessons from a History of Financial Disasters

Subprime Debt and the Run on Wall Street (1x23)

Air date: Aug 16, 2018

Inspect the unprecedented run on the international financial system in 2007–2008, which led to the worst recession since the Great Depression. Learn the ins and outs of subprime mortgages, collateralized debt obligations, and structured investment vehicles, which fueled a U.S. housing-construction boom that involved most of the world’s major financial institutions.