Who Was Responsible for the Financial Crisis of 2007-2009

question 61

Multiple Choice

Who was responsible for the financial crisis of 2007-2009?

• A) The U.S. Federal Reserve, for its policy of easy money
• B) The U.S. government, for pushing banks to expand credit for low-income housing
• C) Bankers, who aggressively promoted and resold subprime mortgages
• D) The U.S. Federal Reserve, the U.S. government, rating agencies, and bankers

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Definitions:

Global Mediascape

The complex landscape of global media flows, including television, internet, and film, which shapes cultures and identities across borders.

Global Flow

The movement of goods, services, people, technology, and financial capital across borders, connecting distant regions of the world.

Military Hardware

Equipment, weaponry, and technological devices designed for use in warfare or defense operations by armed forces.

Overall

Encompassing everything or everyone; generally or broadly.