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Storyboard Text

  • Deregulation of banks like Lehman Brothers lead to them making risky investments
  • Now that some regulations on the banks are pushed back, we can start to make high risk loans
  • We can also sell our subprime loans to make a quick profit
  • Our house is going underwater!
  • Subprime crisis continues,housing prices across the country begin to fall
  • The Dow lost over 6,000 points, we lost everything we invested!
  • Lehman brothers declare bankruptcy, Fed agrees to lend out 85 billion to AIG
  • A massive housing bubble occurs
  • Millions of Americans lose investments, homes, or jobs
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