What role did government play in creating financial crisis

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What role did the government play in creating the financial crisis? What role did Fannie Mae and Freddie Mac play in the financial crisis? Could this have been prevented? How?

Should the government have responded differently to the crisis? If so, how should they have responded? Should investment banks, and Freddie Mae and Fannie Mac have been "bailed out"?

Reference no: EM13394885

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