Part 6/11:
Baker's narrative is just one thread in the complex tapestry of the 2008 financial crisis. The roots of the crisis run deep, intertwined with a culture of greed that permeated Wall Street. Leading financial institutions peddled complex mortgage-backed securities and subprime loans, often to borrowers who could ill afford them. These practices were driven by both Wall Street’s pursuit of profits and politicians’ ambitions to expand home ownership, ultimately ending in a catastrophic economic meltdown.