Today on Crash Course Economics, Adriene and Jacob talk about the 2008 money crisis and the US Goverment’s response to the troubles. So, all this starts with home mortgages, and the use of mortgages as an funding instrument. For years, it seemed like the US housing industry would go up and up. Like a bubble or something. It turns out it was a bubble. But not the good kind. And the government response was…interesting. Anyway, why are you reading this? Watch the video!
More money crisis Resources:
money crisis Inquiry Report: http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf
TAL: Giant Pool of Money: http://www.thisamericanlife.org/radio-archives/episode/355/the-giant-pool-of-money
Timeline of the crisis: https://www.stlouisfed.org/financial-crisis/full-timeline
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