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PILOT - The Global Financial Crisis: The Banking Crisis (Part 2)
1:40:56
In Part 2: The Banking Crisis, we pick up where Part 1: The Housing Bubble leaves off—with financial institutions all over the world holding mortgage-backed securities as housing prices start to collapse at the end of 2006.
In this episode, we tell the story of a financial system that became addicted to mortgage products and complacent about their risk.
We cover the basics of banking—how…