From the perspective of members of Congress, what was the principal cause of the economic recession of 2008?

Question

Quizplus · Accepted Answer

Excessive risk taking by investors, particularly in the housing market, was the principal cause of the economic recession of 2008. Banks and investment firms were issuing risky loans to unqualified borrowers, which eventually led to a collapse in the housing market and widespread financial crisis. This was exacerbated by the use of complex financial instruments and the inability of regulators to properly oversee and regulate the financial industry.

From the Perspective of Members of Congress, What Was the Principal