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Please answer by true and false for each question. 1.After the 2008 financial crisis, some economists, like Stiglitz, argued that better government regulation is sometimes

Please answer by true and false for each question.

1.After the 2008 financial crisis, some economists, like Stiglitz, argued that better government regulation is sometimes necessary when markets fail.

2.After the 2008 financial crisis, some economists, like White, criticized particular government policies for enabling home ownership.

3.White argues that the financial crisis was a result of greedy banks and deregulation which allowed them to diversify - a commercial bank could own investment banking for example.

4.White argues that there is a link between the long period of low interest rates and the incentive to develop risky mortgages that had adjustable rates.

5.Federal Reserve Chair Alan Greenspan constantly urged the government to regulate banks' activities more.

6.One cause of the financial crisis was the fact that mortgage brokers could sell new risky loans to people who couldn't document their ability to pay back those loans and then the brokers could sell these mortgages to banks.

7.The rating agencies were the only innocent actors in this story because they consistently rated the new financial instruments as very risky.

8.Stiglitz suggests that it might be a problem that politicians have to raise so much money to get elected - this makes them vulnerable to pressure from big corporations, like banks.

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