The 2008 crisis — when loans brought down the world
Giant banks collapsed because they had handed out loans people couldn't repay. The biggest financial crisis since 1929 — and what it taught us about debt.
In the 2000s, US banks handed out home loans very easily, even to people who clearly couldn't afford them. Then they "packaged" these risky loans and sold them on around the world, as if they were safe.
The fall of Lehman Brothers
When people could no longer pay their installments, it all collapsed like a house of cards. In 2008, the investment bank Lehman Brothers — over 150 years old — went bankrupt, triggering a global crisis: unemployment, lost homes, wiped-out savings.
The lesson that repeats
Always the same story: too much debt, given too easily, without asking whether it can be repaid. That's why Kosron Bank makes you think before giving or taking a loan — how much you earn, what installment you can afford, what happens if you don't pay. Million-dollar lessons, learned with KOSR.
A loan is not money received. It is a promise to pay — and promises made too easily bring down banks.
