Arsenio's ESL Podcast | Season 5 Episode 68 | Vocabulary Preview for Reading | Credit Crunch
Arsenio's ESL Podcast - A podcast by Arsenio Buck

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Send us a textOh, it's time. We need to talk about the most important financial time of the past three decades. In America, the financial market sent shockwaves everywhere when subprime (also known as CDOs) were passed like hot potatoes amongst the biggest banks in the world. When the CDO's value went to s***, so did the companies. Bear Stearns collapsed on a biblical scale, and Lehman Bros followed suit, among so many others. CDOS slammed the housing market and the value of...