Watch this short WSJ video:https://www.youtube.com/watch?v=k2VSSNECLTQ

Select true affirmations based on the class and this short interview for the financial crisis of 2007-2009:

• There was no asymmetry of information involved
• The government did not intervene during the crisis
• People believed that prices could continue increasing
• Mortgages were involved
• Additional banking laws were initiated following the crisis
• The crisis was forecastable
• There was enforcement by the authorities of borrowers' background check to verify its capacity to pay back the loan
• Credit rating agencies had an incentive to increase the grades of securities
• The financial crisis of 2007-2009 started with an increase in asset price
• Mortgage-backed security value fell
• There was a burst of the asset price bubble
• Bernanke, a specialist of the Great Depression, actively participated in the resolution of the crisis and rescue of financial institution