Social Studies, 25.05.2021 22:10 etampus0220

What was a main cause of the economic crisis of 2008?

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Answer from: vhuyrtyy

The financial crisis was primarily caused by deregulation in the financial industry. That permitted banks to engage in hedge fund trading with derivatives. Banks then demanded more mortgages to support the profitable sale of these derivatives.That created the financial crisis that led to the Great Recession.

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fast - juice wrld

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