Townhall·1 hour ago·Friday, November 13, 2026, 10:30 AM

Former Biden Advisor Floats Plan to Recreate 2008 Housing Crisis

Remember the housing crisis of 2008, where people who were given subprime mortgages ended up defaulting, causing massive losses at the financial institutions that invested in the scheme. Major firms like Lehman Brothers collapsed, and it triggered a severe recession that included millions of foreclosures and government bailouts of banks and other financial institutions deemed "too big to fail."

Read the full story at Townhall →

Opens townhall.com in a new tab.