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Describe the two necessary conditions for a global financial crisis that we discussed in class as part of our coverage of the financial crisis report.
Describe the two necessary conditions for a global financial crisis that we discussed in class as part of our coverage of the financial crisis report. Also describe the specific markets that satisfied those conditions leading up to the 2008 financial crisis. Provide as much detail as you can with respect to the role of securitization and resecuritization markets.
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