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djverab
25 days ago
15

You just watched a video in which president Obama announced his plan for financial regulatory reform. According to President Oba

ma, what are the reasons for financial crisis?
History
2 answers:
BigorU [1.5K]25 days ago
5 0

Answer:

Sample Answer: President Obama points out multiple factors that led to the financial crisis. One main issue he highlights is the reckless actions taken by financial institutions. The risks associated with newly generated investments were substantial, yet very few investors or consumers grasped this reality. This situation arose partly due to insufficient regulatory oversight.

Explanation:

BigorU [1.5K]25 days ago
4 0

Answer: True. A significant factor contributing to the financial crisis of 2007-8 was the reckless actions of financial institutions, which included taking positions against their clients. They repackaged and sold risky assets that were often assigned favorable credit ratings. Investors were unaware of the potential pitfalls, and when the ratings changed, it caused turmoil in the financial system.

Explanation:

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