The 2008 Financial Crisis Explained
Civics 101
00:00
What Is a Subprime Borrower?
A subprime borrower is someone who a financial institution believes is not responsible with loans. A prime borrower, by contrast, is someone the financial world has decided is good at borrowing money and paying it back. What was happening in this subprime crisis in the early 2000s was that there was a lot of money in the system.
Transcript
Play full episode
