Javier Attributes the Financial Collapse of 2008 to the Loosening

question 21

Essay

Javier attributes the financial collapse of 2008 to the loosening of regulatory controls that once governed the financial industry. He also holds the opinion that it was the reckless behavior of financial institutions themselves that fueled the crisis and worsened its impact on ordinary Americans. Given this profile of Javier, is he more or less likely to reject claims that government should play a significantly smaller role in overseeing Wall Street in the future?

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Definitions:

Existential Theory

A psychological philosophy that focuses on exploring the human condition and concerns such as mortality, meaning, freedom, and the essence of being through a person-centered therapeutic process.

Older Adult SUD Population

The demographic group of individuals aged 65 and older who suffer from Substance Use Disorders.

Freedom

The power or right to act, speak, or think as one wants without hindrance or restraint.

Co-dependency

A psychological condition or a relationship dynamic where a person is excessively emotionally or psychologically reliant on a partner, often seen in substance abuse situations.