Some observers claim that laxity of the rules governing the creation, sale, and purchase of some types

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Some observers claim that laxity of the rules governing the creation, sale, and purchase of some types of securities bear much of the guilt for the Great Recession of the early 21st century. Can you suggest some specific types of activity that may bear much of this responsibility? Explain how these activities may have increased the problem, and suggest rules that could have reduced the severity of the financial crisis of 2007-2009 and ensuing recession.
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Economics Principles and Policy

ISBN: 978-0538453653

12th edition

Authors: William J. Baumol, Alan S. Blinder

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