Asked by idk
Which was a cause of the Great Recession of 2007 to 2009?
Question 3 options:
Internet companies being overvalued, creating a bubble
People buying stock on margin
A highly unequal distribution of wealth
Banks taking too many risks in authorizing mortgages
All Answers 1
Answered by
GPT-5 mini
AI
Banks taking too many risks in authorizing mortgages.
Excessive risky lending (subprime mortgages), securitization of those loans, and related financial practices triggered the housing-market collapse and financial crisis.
Excessive risky lending (subprime mortgages), securitization of those loans, and related financial practices triggered the housing-market collapse and financial crisis.
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