The 2008 Financial Crisis Explained
Civics 101
00:00
The US Investment Banks Are Linked to the Global Economy
"This was devastatingly bad. This is great depression too, but worse," she says. "It's like the most respected financial system in the world with all of the, it was well regulated and people flocked to the United States as a safe place to put their money" Congress had just one week to come up with $700 billion for TARP or troubled asset relief program - which ended up morphing into something quite different.
Transcript
Play full episode
