How the 2008 financial crisis crashed the economy and changed the world
8:11
PBSPaul Solman
How the 2008 financial crisis crashed the economy and changed the world
Ten years ago this week, the collapse of Lehman Brothers became the signal event of the 2008 financial crisis. Its effects and the recession that followed, on income, wealth, disparity and politics are still with us. Economics correspondent Paul Solman walks through those events and consequences with historian Adam Tooze, author of "Crashed ...
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In 2008, the U.S. economy collapsed. Banks failed. Homes were foreclosed. Millions lost jobs. But while families struggled, Wall Street received a $700 billion bailout funded by taxpayers. What really happened during the 2008 financial crisis? And did the bailout fix the system — or just delay the next crisis? Watch this breakdown of one of the most important economic events in modern American history. 👇 Comment your thoughts below. #2008Crash #WallStreet #FinancialCrisis #HousingMarket #GreatR
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