a) Many critics argue that greed in the mortgage markets caused the credit crisis. Yet, many market advocates suggest that greed is good, as the thirst for profits by firms that participate in mortgage markets allows for economic growth. Critically discuss how regulations can allow for greed while also ensuring proper transparency in the mortgage markets so that another credit crisis in line of 2008-09 does not reoccur. b) Interpret the following statements made by Wall Street analysts and portfolio managers. Support each statement with at least one real world examples. I. "The recent wave of IPOs is an attempt by many small firms to capitalize on the recent run-up in stock prices." II. "IPOs transfer wealth from unsophisticated investors to large institutional investors who get in at the offer price and get out quickly." III. "Firms must be more accountable to the market when making decisions because they are subject to indirect control by institutional investors."