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Watch the video Meltdown and discuss the Global Financial Crisis of 2007-2009. What was the role of risky subprime mortgage loans in the housing crisis?

Watch the video "Meltdown" and discuss the Global Financial Crisis of 2007-2009. What was the role of risky subprime mortgage loans in the housing crisis? How did mortgage defaults and home foreclosures lead to a crisis in the banking system in the US? Why did the financial crisis spread across Europe and other countries? What actions did the Fed and Congress take to address the crisis? What is the criticism

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