Which of the following was the catalyst for the recent financial crisis?
A)Corruption in the investment banking industry.
B)Widespread layoffs due to illegal alien hiring.
C)Defaults on subprime mortgages.
D)All of these were catalysts.

Question

Quizplus · Accepted Answer

Defaults on subprime mortgages were the primary catalyst for the recent financial crisis. The collapse of the subprime mortgage market triggered a chain reaction that ultimately led to a broader financial meltdown. Corruption in the investment banking industry and widespread layoffs due to illegal alien hiring may have contributed to the crisis, but they were not the primary catalysts.

Which of the Following Was the Catalyst for the Recent