Avoiding the Mistakes of 2007's Housing Crisis with Sheila Bair (SB RWD 72)

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Personal Finance, Financial Planning, Education, Retirement, Investing, Cfp, Business, Money

4.4 • 2K Ratings

🗓️ 26 February 2018

⏱️ 78 minutes

🔗️ Recording | iTunes | RSS

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Summary

Griffin the Intern (the "FinTern") rewinds the tape to when we had former FDIC Chairmain Sheila Bair. What happened behind closed doors in the 2007 housing and banking crisis? How do we ensure that doesn't happen again? We covered that and more on today's rewind... and we had special co-host Josh Dorkin, founder of BiggerPockets. You can check out the original show notes from when the show aired here. Of course, it's a full episode of the show....so there's much, much more! Enjoy! Original show notes from 17 June, 2015: How do we ensure that the huge mistakes people made leading up to the 2007 housing and banking crisis don't happen again? Former FDIC Chairman Sheila Bair joins us in the basement to discuss banking, mortgages, the crisis and her new book that brings it home for high school and college age students (and financial geeks like me!). Josh Dorkin, founder of the awesome real estate community BiggerPockets (and host of the BiggerPockets podcast) sits in the co-pilot seat this week. We discuss landscaping, job searches, diversifying your portfolio and more. Show notes with links coming in the morning! (I was traveling all day Tuesday.....check back before noon!) Thanks to MagnifyMoney.com and SoFi for sponsoring our podcast! SHOW NOTES Open Our co-host today is Josh Dorkin, founder of Bigger Pockets. Check out the Bigger Pockets podcast also! MagnifyMoney - Use StackingBenjamins.com/MagnifyMoney when it's time (now!) to evaluate your checking, savings or credit cards against those that are best-in-class. Headlines How the lack of good jobs, pay for millennials fouls up the economy (MarketWatch) Consumer watchdog weighs in on reverse mortgages (CNBC) Sheila Bair - The Bullies of Wall Street Suzanne Lucas - The Evil HR Lady Check out Suzanne's Site: The Evil HR Lady.org The latest: Someday My Raise Will Come -- Won't It? Letters End Show/Movies Josh reviews the film Two Guns Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Pre-recorded from Joe's Mom's Basement, it's a rewind episode of the Stacking Benjamin show.
0:10.0	Hey everyone, I'm Griffin the intern, or like the guys down to the Rotary Club like to call me the Fintern
0:16.3	To come clean. I was actually a little excited to come down to the basement today. I guess this announcer on the mic stuff grows on you after a while.
0:23.4	Well, I WAS excited until I saw this absolute disaster of a basement.
0:28.4	I'm sure this had something to do with the closing ceremonies of the Winter Olympic last night,
0:32.4	but do they really have to leave bowls
0:34.0	of crusted queso sauce everywhere? And who got all these popcorn crumbs in the keyboard?
0:39.5	I know you're not supposed to learn anything on this show, but here's some advice. It's never a good idea
0:44.0	to eat popcorn at your computer. But that got me thinking, did the guys ever do an
0:48.2	interview with someone about bad work practices? Turns out they did. It took a
0:52.3	little digging but I found episode 215, the bullies of Wall Street with former
0:57.1	FDIC chairman Sheila Bear.
0:59.7	Sheila and Joe cover everything from the predatory lending practices leading up to 2007 financial
1:04.6	crisis to the initial big private meetings between bankers when the sky seemed to be falling,
1:10.0	and Miss Bear's thoughts on how to prevent the same problems in the future.
1:13.2	And that's not all. The co-host for this episode is the founder of the Bigger Pockets community
1:17.8	and co-host of the Bigger Pockets Podcast, Josh Dorkin.
1:21.2	One last note, disregard any investment info or giveaway
1:24.4	mentions because this episode was first released in June of 2015. Enjoy your ears, folks. It's showtime.
1:37.0	Here we go. Hold your ears, folks. It's Showtime. Live from my parents basement Texarkana, Texas, it's the stacking Benjamin show.
2:02.1	On today's podcast, former FDIC Chairman Sheila Bear,
2:05.7	what really happened during the 2007 mortgage crisis?
	...

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