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Describe the financial crisis in 2008. You need to explain subprime mortgages and mortgage-backed securities (MBS). Why could they thrive for more than a decade?
Describe the financial crisis in 2008. You need to explain subprime mortgages and mortgage-backed securities (MBS). Why could they thrive for more than a decade? Depict the roles of home buyers, mortgage bankers, MBS investors, investment banks, insurance companies, credit rating agencies, etc.
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