Maddie asks Essence to define “big banks,” how banks contributed to the 2008 Recession, and some of the long-term effects of the Recession. Essence asks Maddie to talk about her favorite movie– The Big Short, and how movies about historical events can be useful for understanding difficult topics like the Recession.

Visit us at our website: https://thecommonroomcouch.com/

Find us on instagram or twitter @thecommonroomcouch 

Email us at thecommonroomcouch@gmail.com your comments/corrections/ideas/questions 

Support us and access bonus content through our patreon https://www.patreon.com/thecommonroomcouch

Episode’s resources and bonus material:

Big Banks

• https://www.theatlantic.com/business/archive/2015/06/black-recession-housing-race/396725/
• https://www.businessinsider.com/what-caused-the-great-recession
• https://sgp.fas.org/crs/misc/IN10853.pdf
• https://irle.berkeley.edu/files/2018/09/IRLE-What-Really-Caused-the-Great-Recession.pdf
• https://ftp.iza.org/dp4934.pdf

The Big Short: 

• https://www.theguardian.com/film/2016/jan/27/the-big-short-financially-accurate-adam-mckay-subprime-money-bale-gosling-pitt
• https://www.thirdway.org/memo/your-cheat-sheet-for-the-big-short
• https://www.nytimes.com/2015/12/11/movies/review-in-the-big-short-economic-collapse-for-fun-and-profit.html
• https://www.vox.com/culture/2015/12/12/9947796/the-big-short-review-movie-ryan-gosling
• https://en.wikipedia.org/wiki/2008%E2%80%932011_Icelandic_financial_crisis
• https://www.bbc.com/news/business-35485876
• ttps://www.washingtonpost.com/news/wonk/wp/2015/06/17/the-miraculous-story-of-iceland/