Name: 2008 Financial Crisis: The Truth About the 2008 Financial Crisis
Uploaded: 2021-04-28T08:42:30+00:00
Duration: 29 min 23 s
Description: I was recently asked the question on the 2008 financial crisis and given the common misconception of the usual claims which are made I felt it was important to cover this for its own particular video.

3 years ago

I was recently asked the question on the 2008 financial crisis and given the common misconception of the usual claims which are made I felt it was important to cover this for its own particular video.

The 2008 financial crisis is quite a complicated topic issue, but for the purpose of this video I have covered the basis of the argument. Many people will falsely claim that the "unregulated markets" caused the problem, as I've noted, this is actually a concession from people to acknowledge capitalism is about the market regulating itself, which is vitally important as the problems that led to the 2008 financial crisis were the exact opposite of that.

I have broken the argument down into sections covering briefly on the truth about the 2008 financial crisis which you can find below. As I've explained, the crisis is every bit as much to blame on the governments for their protectionism, as well as the lending institutions and investment banks, etc. I've argued many times before that the cause of the crisis was caused by manipulation of the market and legally protected fraud, not to do with regulation, per se.

I first cover brief history to help you understand the difference between capitalism and what you see today. It is vitally important that people understand the actual cause of the crisis that way they understand the solution to prevent repeating the problem.

Intro: (0:00)
Anticapitalism: (2:20)
Unregulated Myth: (4:51)
Boom and Bust: (6:21)
Lending Institutions: (11:26)
Investment Banks: (14:52)
Housing Bubble: (18:02)
Credit Default Swaps: (20:57)
A Summary: (22:06)

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