One reason for the financial problems of securities firms during the credit crisis was that they used a high degree of financial leverage.

Name: One reason for the financial problems of securities firms during the credit crisis was that they used a high degree of financial leverage.
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Securities firms used a high degree of financial leverage, which magnified their losses when the value of their assets fell during the credit crisis, contributing to their financial problems.

One Reason for the Financial Problems of Securities Firms During