The Burst of the Housing Bubble and the Financial Crisis

Lesson 3 of 5 • 19 upvotes • 9:54mins

Mridusmita Choudhury

In the previous lesson, in brief, we came across about the instigation of the housing bubble and the factors through which its caused. Here, Mridusmita is explaining the major reason which let the burst of the housing bubble by the year 2007. She completely explains the consequences which created the housing bubble burst. After this, she starts describing on how a housing crisis became a financial crisis. She then explains the usage various complex financial instruments which led to financial crisis.