Economics Matters with Laurence Kotlikoff cover image

Dissecting the 2008 Financial Crisis: Opacity, Defaults, and Herd Behavior

Economics Matters with Laurence Kotlikoff

00:00

Examining the 2008 Financial Crisis and Future Banking Shifts

The chapter delves into the factors contributing to the 2008 financial crisis, discussing misperceptions about assets like AIG and high default rates on subprime mortgages. It explores the current banking crisis, potential bank failures, and a shift towards limited purpose banking. The conversation also covers technological transformations in banking, anecdotes from the finance world, and the educational value of engaging narratives in understanding financial concepts.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app