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The U.S. subprime mortgage crisis was a nationwide banking emergency that accounted for over 90% of adjustable mortgages in 2006. What really caused the collapse?

The U.S. subprime mortgage crisis was a nationwide banking emergency that accounted for over 90% of adjustable mortgages in 2006.

What really caused the collapse?
Discuss the breaches in accountability and ethics that occurred at all levels.

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