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The 2008 financial downturn largely centered in the housing markets and the financial services industry. At the time, the TV show 60 Minutes ran a

The 2008 financial downturn largely centered in the housing markets and the financial services industry. At the time, the TV show 60 Minutes ran a segment showing the toll of the housing crash including images of foreclosed homes with holes in the walls caused by former owners taking the copper wiring. This is an example of which of the following:

Fake News

Moral Hazard

Adverse Selection

Default Risk

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