From March 2009, Scott Pelley's report on bank failures. From April 2012, Steve Kroft's report on Lehman Brothers. From October 2008, Lesley Stahl's report on Bank of America. And from December 2008, Pelley's report on the mortgage problems that underlie the financial meltdown. #60Minutes #Economy #GreatRecession "60 Minutes" is the most successful television broadcast in history. Offering hard-hitting investigative reports, interviews, feature segments and profiles of people in the news, the broadcast began in 1968 and is still a hit, over 50 seasons later, regularly making Nielsen's Top 10. Subscribe to the “60 Minutes” YouTube channel: Watch full episodes: Get more “60 Minutes” from “60 Minutes: Overtime”: Follow “60 Minutes” on Instagram: Like “60 Minutes” on Facebook: Follow “60 Minutes” on Twitter: Subscribe to our newsletter: Download the CBS News app: Try Paramount+ free: For video licensing inquiries, contact: licensing@veritone.com 00:00 Introduction 00:11 Your Bank Has Failed 13:25 The Case Against Lehman Brothers 26:50 Bank of America 38:58 Where's the Bottom?...(read more)
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The Great Recession of 2008-2009 was a major economic downturn that affected the entire world. From housing markets to banking industries and beyond, the negative impact of the recession could be felt far and wide. One of the deepest and longest-lasting recessions in modern history, the event holds a place of infamy in the minds of many. For 60 Minutes, a program dedicated to investigative journalism, the Great Recession was a topic of great interest and importance. During this time, they covered many stories in-depth, interviewing people from different walks of life to understand the impact of the recession on their lives and communities. One such segment, airing in April 2008, focused on the subprime mortgage crisis that would eventually explode to become the largest financial catastrophe in the United States. The investigative piece explored how many Americans were being forced to foreclose on their homes due to the subprime loans they were unable to repay. It also provided a sobering look at the effect that predatory lending practices had on both the borrowers’ financial well-being and the broader economy. Another episode that aired in March 2009 featured an interview with then-Treasury Secretary Timothy Geithner, who discussed the actions taken by the government to stem the tide of the Great Recession. The interview provided insight into the decision-making process around the bailout of many financial institutions and how that decision had been made. Perhaps one of the most heart-wrenching stories to come out of 2008's Great Recession was the job losses and unemployment experienced by so many American families. Whether it was a factory worker, a banker, or a small business owner, many people found themselves out of work and struggling to make ends meet. 60 Minutes covered many of these stories, giving voice to the real people affected by the recession. With its ability to investigate and uncover the truth, 60 Minutes played a crucial role during the 2008 Great Recession. The program provided a platform for those affected by the recession to tell their stories, shedding light on the human cost of economic inequality and the importance of holding powerful institutions accountable for their actions. Even today, these stories are relevant and impactful, serving as a reminder of the risk and consequences of the unchecked greed that led to that devastating economic downturn. https://inflationprotection.org/full-episodes-of-60-minutes-featuring-stories-about-the-great-recession-of-2008/?feed_id=97770&_unique_id=6461e6b36ea51 #Inflation #Retirement #GoldIRA #Wealth #Investing #2008financialcollapse #GreatRecession #thebigshort #RecessionNews #2008financialcollapse #GreatRecession #thebigshort
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