According to the textbook,the most basic cause of the housing debacle was the

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The proliferation of subprime mortgages, which were risky loans given to borrowers with poor credit and low income, ultimately led to a wave of defaults and foreclosures, destabilizing the housing market and triggering the wider financial crisis of 2008. The other options listed may have contributed to the housing debacle, but were not the most basic cause.

According to the Textbook,the Most Basic Cause of the Housing