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1:46
Lessons from the Great Recession
Mar 22, 2020
CBS News
0:08
#TheElective spoke with Jennifer Ma, senior policy research scientist at the College Board, about the potential impact of the pandemic on higher-education and how lessons learned from the Great Recession may help mitigate its effect. http://spr.ly/6187GMryb | College Board
2.1K views
Jun 23, 2020
Facebook
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The crisis, often called the Great Recession, officially began in 2007 with the collapse of the U.S. housing bubble, but its seismic shockwaves hit global financial markets in September 2008 with the bankruptcy of Lehman Brothers. This triggered a panic, freezing credit worldwide. In response, the U.S. government created the Troubled Asset Relief Program (TARP), a ~$700 billion~ fund used to bail out major banks and insurers like AIG to prevent total systemic collapse. Governments globally follo
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4 months ago
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