One of the causes of the 2007 recession may be unethical practices by financial firms.

Question

Quizplus · Accepted Answer

Many financial firms engaged in unethical practices, such as issuing subprime mortgages to individuals who could not afford them and then securitizing them into complex financial instruments that were sold to investors, contributing to the housing bubble and eventual collapse. Additionally, some financial firms engaged in risky behavior without proper risk management, such as overleveraging and investing heavily in speculative assets.

One of the Causes of the 2007 Recession May Be