The Global Financial Crisis of 2008 originated with ________.
A)the debt problems in Greece and the EU bailout
B)the inability of WTO to enforce global trade rules
C)the U.S.banks granting subprime mortgages
D)the failure of IMF to enforce global financial regulations

Question

Quizplus · Accepted Answer

The Global Financial Crisis of 2008 originated with the U.S. banks granting subprime mortgages, which were given to borrowers with low credit ratings and had a high risk of defaulting. The banks then packaged these mortgages into securities which were sold to investors all around the world leading to a significant global impact.

The Global Financial Crisis of 2008 Originated with ________