Crashes and Crises: Lessons from a History of Financial Disasters Season 1 Episode 23 Subprime Debt and the Run on Wall Street

Description: In season 1 episode 23 of Crashes and Crises: Lessons from a History of Financial Disasters, titled "Subprime Debt and the Run on Wall Street," we explore the origins and aftermath of the subprime mortgage crisis of 2007-2008. The episode delves into the risky lending practices that allowed subprime mortgages to proliferate, the creation of mortgage-backed securities, and the role of credit rating agencies in falsely labeling them as top-tier investments. The episode also examines the events leading up to the collapse of Lehman Brothers, the ensuing market panic, and the government's controversial decision to bail out Wall Street banks. Through interviews with financial experts and archival footage, "Subprime Debt and the Run on Wall Street" sheds light on a pivotal moment in financial history that continues to shape our economy today.