To the extent that failure to appreciate the implications of the decline in house prices on the financial system contributed to the financial crisis of 2008-2009 in the United States,blame for this mistake lies with:

Question

Quizplus · Accepted Answer

Regulators are responsible for overseeing and regulating the financial system, including the housing market. It was ultimately their failure to recognize and address the risks and consequences of declining house prices that contributed to the financial crisis. While mortgage brokers, investment banks, and homebuyers all played a role in the crisis, they were not primarily responsible for the systemic level of the failure.

To the Extent That Failure to Appreciate the Implications of the Decline