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Which of the following statement regarding the Great Recession is NOT true. Group of answer choices The crisis has many causes rather than only one
Which of the following statement regarding the "Great Recession" is NOT true. Group of answer choices The crisis has many causes rather than only one cause: subprime mortgage. Mortgage backed securities didn't exist in the 1990s. It was a complete new financial product started right before the crisis. Many high profile companies received government bailout, such as Goldman Sachs, Chrysler, AIG...etc. Fannie Mae and Freddie Mac were taken under conservatory by the government
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