[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  fielski [@_fielski](/creator/twitter/_fielski) on x XXX followers Created: 2025-07-21 13:45:17 UTC Do you still believe...? $GRIN โก๏ธใ ๐งจ 2008 Financial Crisis (Subprime): Expanded Overview What happened: In the years leading up to 2008, financial institutions issued mortgages to borrowers with low creditworthiness โ the so-called subprime loans. These risky mortgages were bundled into complex financial instruments, such as CDOs (Collateralized Debt Obligations), and sold to investors as safe, high-yield products. Banks, rating agencies, and investors fueled this cycle, ignoring systemic risks. When housing prices dropped and defaults surged, the value of these assets collapsed โ triggering panic and global shockwaves across the financial system. Impact: - Collapse of major institutions like Lehman Brothers, Bear Stearns, and Washington Mutual. - Global credit freeze โ businesses and consumers lost access to financing. - Estimated worldwide losses of $XX trillion in 2008, equivalent to nearly $XX trillion by 2025 inflation-adjusted. - Millions lost their homes, jobs, and savings. Government Response and Bailouts: - The TARP (Troubled Asset Relief Program) injected $XXX billion to stabilize key financial institutions. - Central banks slashed interest rates and deployed massive quantitative easing programs. Systemic Consequences: - A prolonged global recession โ deep impacts in economies like Iceland, Greece, Spain, and Ireland. - Surge in alternative narratives: distrust in the traditional banking system fueled movements like Occupy Wall Street and led to the birth of Bitcoin in January 2009 โ a direct technological response to centralized monetary failures. You'd better not sleep on Wall Street.  XXX engagements  **Related Topics** [debt](/topic/debt) [collateralized debt obligations](/topic/collateralized-debt-obligations) [rating agency](/topic/rating-agency) [default risk](/topic/default-risk) [happened](/topic/happened) [$grin](/topic/$grin) [coins pow](/topic/coins-pow) [Post Link](https://x.com/_fielski/status/1947291793596301787)
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fielski @_fielski on x XXX followers
Created: 2025-07-21 13:45:17 UTC
Do you still believe...? $GRIN โก๏ธใ
๐งจ 2008 Financial Crisis (Subprime): Expanded Overview
What happened: In the years leading up to 2008, financial institutions issued mortgages to borrowers with low creditworthiness โ the so-called subprime loans. These risky mortgages were bundled into complex financial instruments, such as CDOs (Collateralized Debt Obligations), and sold to investors as safe, high-yield products.
Banks, rating agencies, and investors fueled this cycle, ignoring systemic risks. When housing prices dropped and defaults surged, the value of these assets collapsed โ triggering panic and global shockwaves across the financial system.
Impact:
Collapse of major institutions like Lehman Brothers, Bear Stearns, and Washington Mutual.
Global credit freeze โ businesses and consumers lost access to financing.
Estimated worldwide losses of $XX trillion in 2008, equivalent to nearly $XX trillion by 2025 inflation-adjusted.
Millions lost their homes, jobs, and savings.
Government Response and Bailouts:
The TARP (Troubled Asset Relief Program) injected $XXX billion to stabilize key financial institutions.
Central banks slashed interest rates and deployed massive quantitative easing programs.
Systemic Consequences:
A prolonged global recession โ deep impacts in economies like Iceland, Greece, Spain, and Ireland.
Surge in alternative narratives: distrust in the traditional banking system fueled movements like Occupy Wall Street and led to the birth of Bitcoin in January 2009 โ a direct technological response to centralized monetary failures.
You'd better not sleep on Wall Street.
XXX engagements
Related Topics debt collateralized debt obligations rating agency default risk happened $grin coins pow