The 2008 Financial Crisis Explained
Civics 101
00:00
Nick, Lehman Brothers Is Going Bankrupt
Hannah McCarthy: Lehman Brothers is going bankrupt and financial markets from Asia to Europe are doing their utmost to prevent Monday from turning from dark to black. Nick Capitich: I knew this rapid-brized entrepreneur story was a little bit too good to be true. But the story of the 2008 financial crisis is largely one about preventing collapse at an enormous cost, specifically an enormous cost to the federal government. Hannah: So don't you want to know what happened? Okay. We will. This is civics101. And this is the2008 financial crisis and what we did about it.
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