The increased regulation that Wall Street has been subject to in recent years is cited as one of the major causes of the financial crisis of 2008.

Question

Quizplus · Accepted Answer

This statement is incorrect. The financial crisis of 2008 was caused by a complex combination of factors, including but not limited to subprime mortgage lending, lack of oversight of the mortgage industry, excessive risk-taking by financial institutions, and a lack of transparency and accountability in the financial system. While regulation may have played a role in some aspects of the crisis, it is incorrect to cite it as a major cause.

The Increased Regulation That Wall Street Has Been Subject to in Recent