You just watched a video in which President Obama announces his plan for financial regulatory reform.

Law

2 answers:

ddd [48]3 years ago

7 0

Answer:

The major causes of the initial subprime mortgage crisis and following recession include international trade imbalances and lax lending standards contributing to high levels of developed country household debt and real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non ...

Explanation:

tatyana61 [14]3 years ago

4 0

Answer:

President Obama indicates that there are several reasons for the financial crisis. According to the president, one reason is irresponsible practices by financial institutions. The amount of risk involved in newly created investments was high, and few investors or consumers understood this. These types of investments were made possible due to a lack of regulation within the system.

Explanation:

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