The lax oversight by government regulatory agencies and private debt rating agencies helped contribute to the severity of the 2007-2009 financial crisis.

Question

Quizplus · Accepted Answer

The lax oversight by both government regulatory agencies and private debt rating agencies is widely recognized as a contributing factor to the severity of the 2007-2009 financial crisis. This lack of oversight allowed for risky behavior and investments to become commonplace, leading to the collapse of many financial institutions and widespread economic turmoil.

The Lax Oversight by Government Regulatory Agencies and Private Debt