To the extent that risky mortgage-backed securities that were sold to buyers who were not fully aware of the risks contributed to the financial crisis of 2008-2009 in the United States,blame for this action lies with:

Question

Quizplus · Accepted Answer

Investment banks were responsible for creating and selling risky mortgage-backed securities to buyers who were not fully aware of the risks involved. This led to the collapse of the housing market and ultimately the financial crisis of 2008-2009. While homebuyers and mortgage brokers may have played a role in the crisis, the primary responsibility lies with the investment banks who created and sold these securities. The Federal Reserve may have also played a role in the crisis through its policies and oversight, but it was not directly responsible for the creation and sale of these securities.

To the Extent That Risky Mortgage-Backed Securities That Were Sold