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What are the causes for 2008/2009 financial crisis? What are the causes for 2008/2009 financial crisis? Regulation of subprime lending and MBS products was too

What are the causes for 2008/2009 financial crisis?

What are the causes for 2008/2009 financial crisis? Regulation of subprime lending and MBS products was too lax. In particular, there was insufficient regulation of the institutions that created and sold the complex and opaque MBS to investors.

Increased borrowing by banks and investors

The Glass-Steagall Act which separated Investment banking and commercial banking and the creation of FDIC. All correct Only two statements are correct. Three of the four statements are correct.

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