# 2008 Financial Crisis: E117 The Great Recession Part I

Page: https://stenobird.com/podcast/remember-shuffle-7059496/2008-financial-crisis-e117-the-great-recession-part-i
Text version: https://stenobird.com/podcast/remember-shuffle-7059496/2008-financial-crisis-e117-the-great-recession-part-i.md
Podcast: [Remember Shuffle](https://stenobird.com/podcast/remember-shuffle-7059496)
Published: 2026-04-25T19:34:09+00:00
Episode link: https://www.spreaker.com/episode/2008-financial-crisis-e117-the-great-recession-part-i--71641599
Audio file: https://api.spreaker.com/download/episode/71641599/b6647648_167a_339c_18e7_cea328e22aea.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/remember-shuffle-7059496/episodes/2008-financial-crisis-e117-the-great-recession-part-i
Duration seconds: 8249

## Resource

The fundamentals of our economy are… present. Welcome to Remember Shuffle’s ongoing multi-part series on the financial crisis of 2008 and the ensuing Great Recession. The Shuffle Bois begin with some table setting to explain the complex financial instruments and deregulation that led to the crisis - mortgage backed securities, collateralized debt obligations, credit default swaps, and synthetic collateralized debt obligations - and introducing the rogues gallery of characters for this story. They then go beat-by-beat through the collapsing economy of 2008 and trace the decisions that were made by those running the banks as well as by those in power. They close, as always, with some themes and big ideas - including the separation of risk from incentive and the failures of neoliberal deregulation - before turning to the echoes in the culture, which are profound for this topic. Check out our website to search for episodes at: remembershuffle.com Give Remember Shuffle a follow on Twitter⁠⁠⁠⁠⁠ And on Instagram ⁠⁠⁠⁠ ⁠@RememberShufflePod⁠⁠⁠⁠⁠ to interact with the show between episodes. It also makes it easier to book guests. And be sure to check out our Patreon ! Bibliography:Andrew Ross Sorking, Too Big to Fail (New York: Viking), 2009Bethany McLean and Joseph Nocera, All the Devils are Here (New York: Penguin), 2011George W Bush, Decision Points (New York: Crown Publishers), 2010Michael Lewis, The Big Short (San Francisco: Hyperink), 2012Adam Tooze , Crashed: How a Decade of Financial Crises Changed the World, 2018 Here is the chart Ben describes in the episode:https://en.wikipedia.org/wiki/Subprime_mortgage_crisis#/media/File:Subprime_crisis_-_Foreclosures_&_Bank_Instability.png

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/remember-shuffle-7059496/episodes/2008-financial-crisis-e117-the-great-recession-part-i/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/remember-shuffle-7059496/2008-financial-crisis-e117-the-great-recession-part-i.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.