Which of the following was the catalyst for the recent financial crisis?
A) corruption in the investment banking industry
B) widespread layoffs due to illegal alien hiring
C) defaults on subprime mortgages
D) All of these choices are correct.

Question

Quizplus · Accepted Answer

The recent financial crisis was primarily triggered by defaults on subprime mortgages, where borrowers with poor credit histories were given loans they ultimately could not afford, leading to widespread defaults and the collapse of mortgage-backed securities.

Which of the Following Was the Catalyst for the Recent