What Three Critical Factors or Preconditions Turned a National,U

question 30

Essay

What three critical factors or preconditions turned a national,U.S.problem into a global financial crisis in 2007? Be sure to address the role securitization played and how it affected regulators.

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Definitions:

Outsourced

The practice of having certain job functions or processes handled outside of the company, typically by third-party vendors, instead of being conducted internally.

Outsourcing

The business practice of hiring parties outside a company to perform services or create goods that traditionally were performed in-house.

Private Sector

The part of the economy that is owned and operated by individuals and companies for profit, as opposed to being government controlled.

Public Sector

The public sector comprises government-run organizations, agencies, and companies, providing services like education, healthcare, and infrastructure to the public.