The relationship between income and savings, let's look back to the recent credit crisis that sent our
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Question:
The relationship between income and savings, let's look back to the recent credit crisis that sent our economy into the greatest financial crisis since the Great Depression.
Watch this short video titled "The Crisis of Credit Visualized" and then respond to the following:
- Why were subprime mortgages so risky?
- Explain how bundlingup many mortgages into CDOs helps manage the risk of people not being able to pay their mortgage.
- What went wrong and could it happen again?
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