Describe the role of fixed income markets in the " Great Recession" of 2008-9. In your answer be sure to identify: the role and design of collaterized mortgage obligations; the relevance of previous historical events; and, government actions and regulatory changes in Canada and the US following this market debacle.

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The role of fixed income markets in the Great Recession of 20082009 was significant and complex Several factors contributed to the crisis including the role and design of collateralized mortgage oblig... View the full answer