How Mortgage-backed Securities Work

Stuff You Should Know

iHeartPodcasts

Society & Culture

4.6 • 79.3K Ratings

🗓️ 6 November 2008

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

The 2008 US financial crisis has been blamed on the excessive use of mortgage-backed securities. But what exactly is a mortgage-backed security? Learn more about these securities and how they contributed to the crisis in this HowStuffWorks podcast.

Transcript

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0:00.0	There's so much news happening around the world that we're somehow supposed to stay on top of.
0:05.7	That's why we launched The Big Take.
0:08.3	It's a daily podcast from Bloomberg and I Heart Radio that turns down the volume a bit
0:14.0	to give you some space to think.
0:16.4	I'm Wes Kosova.
0:17.7	Each weekday I dig into one important story and talk about why it matters.
0:23.6	Listen to The Big Take on The I Heart Radio App, Apple Podcasts or wherever you listen.
0:30.4	Brought to you by the reinvented 2012 Camry.
0:33.3	It's ready for you.
0:35.9	Welcome to Stuff You Should Know from House Stuff Works.com.
0:41.0	Welcome to the podcast located from deep within the bowels of House Stuff Works.com headquarters.
0:46.8	It's Josh and Chuck. Say hi Chuck.
0:49.1	It makes a sound really fancy and creepy or something.
0:51.6	I don't know. I like it.
0:52.4	I was going for a creepy.
0:53.4	Okay.
0:54.4	I'll take it.
0:55.4	It didn't work.
0:56.4	I'm creeped out.
0:57.4	Yeah.
0:58.4	Chuck, did you look out the window today at all?
1:01.4	I have.
	...

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