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Alika [10]
3 years ago
10

Which contributed to the bursting of the housing bubble in 2007 and 2008?

History
1 answer:
Tcecarenko [31]3 years ago
5 0

Answer:

Hedge funds, banks, and insurance companies caused the subprime mortgage crisis. Hedge funds and banks created mortgage-backed securities.

Explanation:

The insurance companies covered them with credit default swaps. Demand for mortgages led to an asset bubble in housing.

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