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The 2008 Financial Crisis Explained

Civics 101

00:00

What Happened to the Housing Market?

$250 billion for making sure giant investment banks didn't go under. $27 billion to get credit markets going again. $82 billion goes to the auto industry to get that going again. Sales of existing homes plunge 8.6% in November as compared to October. If you're among the millions trying to sell, this was a very bad day.

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