“How banks and lending institutions got into trouble way back in 2008 in the first place.”
Exactly—and then every “expert” denied that it caused the problem.
Dirtbags.
See the chart
https://i.insider.com/52e4250869bedd404cbf462b?width=960
Purchased Treasury bills to help legitimize massive debt and solvency, Mortgage Backed Securities (the new Credit Derivatives) and other 'agency' debt. The QEs fueled the start and continuation of trillion dollar deficits.