Home » The American Nightmare: 10 Years After the Financial Crisis | Episode 1 financial crisis 2008

The American Nightmare: 10 Years After the Financial Crisis | Episode 1 financial crisis 2008



On the 10th anniversary of the national housing crisis, four families told us about losing their homes and how they’re still struggling to recover. Long after the Great Recession ended, they’re still feeling the effects of the 2008 crisis, and they remain wary about possibly facing another one in the future.

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The American Nightmare: 10 Years After the Financial Crisis | Episode 1

The American Nightmare: 10 Years After the Financial Crisis | Episode 1

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The American Nightmare: 10 Years After the Financial Crisis | Episode 1
financial crisis 2008
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26 thoughts on “The American Nightmare: 10 Years After the Financial Crisis | Episode 1 financial crisis 2008”

  1. Everyone forgets but man that was rough, being out of work, hope everyone recovers from it. I really think some of my friends play it down and that does a disservice to all the people that suffered.

  2. These are people who took on mortgages their earnings didn't support, making themselves house poor. Lying about income should be punishable by jail time. Do not loan to risky people, they're risky because they're irresponsible.

  3. 2021 here we go. I'm in a similar boat only I make 5k a month. Still can't find anything and I gotta move in a couple months. Opposite land. Everything is expensive as hell. Life.

  4. This happened to me almost where my family was in foreclosure. It took them 2 years to move forward cuz there were so many homes in foreclosure. Then if took another 3 years when we worked out a modification but it wasn’t easy. We thought we lost it at one point. We had an amazing lawyer.

  5. it's not right . the bank will up and leave you high and dry while taking your money , then you get in the the Court and they embarrass you. there should be a safety net for responsible people who are actually spending responsibly. hard working people should have more of the opportunity to stay in their home rather then people who just neglect the loan. it's gross

  6. I remember having clients homes foreclosed by Wells Fargo needless to say I no longer work for Wells but it is terrible what banks do to profit off of individuals who may not be very educated on this topic. An adjustable mortgage or product in the end profits the bank and they have a low interest in the beginning to entice consumers but they are able to raise it to the max interest I’ve seen this too many times. It’s vital to budget and live very minimalist

  7. My dad who should be in his own home- still, here in reno- I remember this… My dad now lives in the converted garage in this rental im renting. We should be in the home I remember him working his whole life and sank into owning a home generational wealth.. gone.

  8. This bubble happens because houses were seen as a money making machines. Loan companies were giving money to people that couldn't not afford the payments of the houses. This brought a collapse from the houses

  9. I remember people all around me who made minimum wage picking fruits from the fields were buying 2 story homes and I always wondered how they were able to afford a home like that. When the bubble bursts and the majority of them lost their homes then I came to understand. They weren't able to afford them.

  10. The look in her eyes brings me to tears, just imagine bringing your baby to court knowing you can’t provide a roof to keep him/her safe… I pray she has bounced back on her feet… I watch this documentary when I feel I’m growing materialistic… And it does ground
    me, time after time. Be safe everyone, 2020 has proven to be such a difficult year…

  11. I don't hear or see anyone shedding light on the fact that the interest rates were raised in a criminal malicious way so that there was no way for one to have a chance at all to pay it back. Also jobs were cut so it really would not matter if you had a good loan or not. They wanted everyone to fail.

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