In this episode of pplpod, we dissect the causes and consequences of the Subprime Mortgage Crisis that rocked the global financial system between 2007 and 2010. Join us as we explore how the bursting of the U.S. housing bubble triggered the Great Recession and forever changed the banking landscape.

Key topics covered in this deep dive include:

• The Boom and The Bust: How low interest rates, speculation, and predatory lending practices fueled an unsustainable rise in housing prices.

• Financial Alchemy: A breakdown of the complex financial tools—like Mortgage-Backed Securities (MBS) and Collateralized Debt Obligations (CDOs)—that turned risky subprime loans into "toxic assets" rated as safe investments.

• Shadow Banking: The collapse of the unregulated "shadow banking syst ...