The Great Collapse: 2008 Financial Crisis

On September 15th, 2008, at exactly 1:45 AM, the largest bankruptcy

in American history was filed. In just 24 hours, ten trillion dollars

would vanish from the global economy. This wasn't caused by a war or a natural

disaster. It was caused by a single piece of paper: a toxic mortgage

loan. This is the true story of how Wall Street greed,

toxic mortgages, and bad credit scores broke the entire world. In the late

1990s, owning a home was the ultimate American Dream. The government wanted

more homeowners, so they loosened the rules. The Federal Reserve slashed interest rates