we will focus on one article that points out in a very concise and well explained manner the role that financial institutions (and other members of society) had during the Great Recession of 2008. It is an academic article; however it bases itself in a historical and descriptive approach rather than any complex theoretical structure. The authors of the article are Fratianni and Marchionne with academic presence in Indiana University and Universita' Politecnica delle Marche in Italy.

Please read the article and your Chapter 9 from the book and answer the following questions:

file:///Users/Shared/The%20Role%20of%20Banks%20in%20the%20Subprime%20Financial%20Crisis%20(1).pdf

1. What actions did the banks commit during the financial crisis of 2008 that go against the recommendations from Ch.9 on proper management of financial institutions?
2. What policies would you recommend to address mis-behaviors from financial institutions/banks like the one we observed in 2008.