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What caused the financial crisis and who was/is at fault? What fundamentally expansion of the role of the Fed and how it interacts with the

What caused the financial crisis and who was/is at fault?
What fundamentally expansion of the role of the Fed and how it interacts with the banking system has occurred since the crisis- be specific?
What recommendations would you suggest be implemented in terms of the Fed and the banking system at this point in time?
Defend and support your responses with research and valid sources.

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