In 2008 the world dealt with the most dramatic financial crisis since the depression and bank failures of the 1930's. This crisis occurred because

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All of the given options played a role in causing the financial crisis of 2008. Increased leverage based on the inflated property values in the subprime mortgage business led to a bubble that ultimately burst. Financial institutions, such as investment banks, investment funds, and insurance companies, accepted questionable credit instruments and took on too much risk. Additionally, there was a lack of effective oversight by regulatory bodies, which allowed these risky behavior and practices to go unchecked. All of these factors combined to create the perfect storm that resulted in the dramatic financial crisis of 2008.

In 2008 the World Dealt with the Most Dramatic Financial