2008 Crash: The Collapse (Part One)

For the thirty-first installment of "50 Weeks That Shaped America," we go to fairly recent history -- the spring and summer of 2008, when the US banking industry began to collapse on the back of instability in the housing market. Jody, Niki, and Kellie revisit the world of Credit Default Swaps, Subprime mortgages, and a steady collapse of financial institutions. All while the Bush administration was flailing and Obama and McCain are mounting their campaign. Join our America250 newsletter community! Subscribe for free to get the latest news and analysis of how America250 is playing out. Paying subscribers get access to early, ad-free versions of the show. Plus bonus features throughout the year. To support our work and get access to everything, subscribe now. This Day is a proud member of Radiotopia from PRX. Your support helps foster independent, artist-owned podcasts and award-winning stories. If you want to support the show directly, you can do so on our website: ThisDayPod.com Get in touch if you have any ideas for future topics, or just want to say hello. Follow us on social @thisdaypod Our team: Jacob Feldman, Researcher/Producer; Khawla Nakua, Transcripts; music by Teen Daze and Blue Dot Sessions; Audrey Mardavich is our Executive Producer at Radiotopia. Learn about your ad choices: dovetail.prx.org/ad-choices