What was the primary cause of the 2008- 09 financial crisis?

Question

Quizplus · Accepted Answer

The biggest housing and credit bubble in decades, originating in the U.S. led to the financial crisis of 2008-09. The banking system was heavily involved in issuing and securitizing mortgages based on subprime loans, which ultimately resulted in widespread defaults and foreclosures, ultimately leading to the collapse of the housing market and triggering a global financial crisis. The other options listed were contributing factors but not the primary cause.

What Was the Primary Cause of the 2008- 09 Financial