Many large banks and Wall Street investment firms got into financial problems due to

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All of the listed factors contributed to the financial problems of large banks and Wall Street investment firms. Investments in subprime mortgages and collateralized debt obligations tied to those mortgages led to significant losses, requiring payments on credit default swaps. These losses also resulted in the need to mark down the value of assets, which further exacerbated financial difficulties.

Many Large Banks and Wall Street Investment Firms Got into Financial