How the 2008 Financial Crisis Still Affects You

1. CDO collateralised debt obligations
2. CDS credit default swaps
3. Insure CDO risk ; extreme specialty; OTC; sold by risk owner
4. 2008 60 tn USD CDs
5. AIG Fannie Mae big buyers
6. Financial leverage / capital adequacy 

1. funding non income individuals with mortgages ;
2. Mc Donald's worker with 6 homes
3. sub prime lending
4. Mortgage backed securities

1. 2004 Collapse // Morgan Stanley
2. 4.1 tn USD debt 30% us economy
3. Reset rates 2-3 years // foreclosure
4. 1.3 million foreclosure 2007
5. Eo 2007 2.3 million homes foreclosure
6. Sub prime lender closure

1. Bnp Paribas/ no liquidity in the market
2. Uk bank Northern rock ; first bank run since 1866
3. Bear Stern's mar-2008 13.4 tn USD market value / 5th largest
4. Alan Schwartz CEO
5. 170 - 2 $ in 3/4 weeks
6. Lehman brothers / Erin CFO / risk 30x capital / June 2.6 BN $ loss
7. Goldman Sachs bets against mbs
8. 2008-09 Lehmann bankruptcy after 158y
9. 2009-0915 manic Monday Dow 500 points
10. Merill lunch ma with bank of america
11. Banking freeze / Harvard couldn't pay wage bills

1. AIG = gov.us bail out 180 bn$
2. Occupy Wall Street
3. Crypto currency genesis
4. 2.5tn $ debt purchase
5. By mid 2009 50% equity market collapse

1. European debt crisis 2009 - 2020
2. Pigs : country crisis
3. 2009-0410 / declare crisis is over
4. 10% unemployed ; 6 million jobs; 8 million foreclosure
5. 2010 Dodd Frank act ; regulation ;
6. Bcso / bespoke collateralised security obligations
7. 40tn $ on corporate debt

1. Cash infusion by governments ; the easy path
2. Quantitative easing
3. Riots in Greece
4. Iceland : systemic collapse 80% stock collapse
5. Landbankinn - glitnir ; 3 large banks; 12x GDP

1. Millennials are poor than their parents
2. Dropping fertility rates
3. Low interest rate regime .. cheap money
4. Scaffolding: Low rate + excess cash
5. == disparity in population

Economic productivity dampening

• 2020- pandemic cash surge
• Jeremy Siegel was monumental mistake
• Risk assets Like nfts

1. 2021 Inflation surge
2. 2022 Variable rate mortgages in Canada Australia UK will reset rates in next 1-2 years
3. 2022 Credit Suisse crisis
4. russia Ukraine war disrupts commodities
5. China zero COVID disrupts supply chain
6. Weakening $ with multilateral local currency trading RSA brics China India russia

1. Gold silver cash government bonds
2. Long term investment into innovation
3. Minimal simplify expenditure
4. independent life style