Panic: The Untold Story of the 2008 Financial Crisis

  • Published 9 months ago
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Nearly 9 million people in the United States of America lost their job during the 2008 financial crisis. The economic crisis changed the country.

It all started due to excessive risk-taking by banks, combined with the bursting of the United States housing bubble. It caused the values of securities tied to the US real estate to plummet. This damaged financial institutions globally, with banks losing billions of dollars.

Banks stopped lending to each other, creating a financial crisis leading to the Great Recession.

This documentary looks at the factors that led to the 2008 financial crisis and efforts made by then-Treasury Secretary Henry Paulson.

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