The seeds of the 2007-2009 global financial crisis sprouted in what sector?

Question

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The global financial crisis of 2007-2009 was largely caused by the collapse of the United States housing market. The housing bubble burst, and many homeowners defaulted on their mortgages, leading to a wave of foreclosures and bankruptcies that had ripple effects throughout the global financial system. The crisis exposed weaknesses in regulation, risk management, and due diligence in the financial sector, and highlighted the interconnectedness of global markets.

The Seeds of the 2007-2009 Global Financial Crisis Sprouted in What