How did lack of regulation cause the crisis

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Question: Briefly, describe the relationship of the "sub-prime loans," the "housing bubble," CDO's (derivatives) and "credit default swaps" in creating the 2008 financial crisis. These were explained in the movie Inside Job and the video The Credit Crisis Explained. How did lack of regulation cause the crisis? Who opposed the proposed regulation of the derivative market?

Reference no: EM133352458

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