Which is not generally considered a cause of the 2008 financial crisis?
Question 11 options:
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Bundling of mortgages into securities |
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Subprime lending |
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None of the above |
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Decisions made by Janet Yellen |
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Greed |
Ques11: The correct answer is D. Decision made by Janet Yellen.
Option A is wrong as there were huge securitization which was done by the financial institutions in which mortages are converted into securities.
Option B is also wrong subprime lending is the root cause of the crisis.
Option E is wrong in order to earn more or greed to earn more NBFC lend money to borrowers having bad credit history.
Therefore, Option D is correct
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