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1. What were the reasons why the financial crisis of 2008 came about? Discuss in your OWN understanding. 2. Discuss the mechanics how Collateralized Debt

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1. What were the reasons why the financial crisis of 2008 came about? Discuss in your OWN understanding. 2. Discuss the mechanics how Collateralized Debt Obligations (CDO) and Credit Default Swaps (CDS) were functioning during the crisis period. You can make a useful illustration or diagram and discuss in your OWN understanding

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