Did you ever find the answer to this because i am stuck on it
Answer: True. One of the major reasons that led to the financial crisis of 2007-8 was irresponsible practices by financial institutions such as betting against their clients. Financial institutions repackaged and sold toxic assets some of which were given a good credit rating. Investors did not know what they were getting into and when the credit rating of the securities changed, the system was plunged into chaos
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A had few leaders with government experience.
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They either already lived there or had to migrate there bc they were forced out of their land
