Subprime Mortgages and Economic Collapse

Here's the clean script only with all timing, section labels, and extras removed.

Just narration text ready to record. How subprime mortgages broke the global economy.

In the early 2000s, banks started giving out home loans to people who could never afford them.

Not by accident, on purpose. These were called subprime mortgages, and they didn't

just destroy families, they broke the global economy. A subprime mortgage was a loan given

to a borrower with low income, poor credit, or no proof they could repay.

Traditionally, banks avoided these loans, but that changed. Lenders were told

approve the loan, someone else will deal with the risk. So standards collapsed, people were approved