the 2008 crash

Type: Event

As of November 2026, the 2008 crash has been mentioned in one podcast episode on The Ezra Klein Show (Nov 2025). Identified as a critical event that undermined the gatekeeping power of economic elites.

The 2008 financial crisis was a major worldwide financial crisis which started in the U.S. The first phase was the subprime mortgage crisis, which began in early 2007 as mortgage-backed securities (MBS) tied to U.S. real estate, and a vast web of derivatives linked to those MBS, collapsed in value. A liquidity crisis spread to global institutions by mid-2007 and climaxed with the bankruptcy of Lehman Brothers in September 2008, which triggered a stock market crash and bank runs in several countr