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, blame for this action lies with:

Question

Quizplus · Accepted Answer

Investment banks were the ones who bundled risky mortgages together to create mortgage-backed securities and sold them to buyers without fully disclosing the risks involved. This led to a snowball effect of defaults on these mortgages, ultimately leading to the financial crisis.

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