What was the cause of the collapse of the US Financial System? What companies do they mention and why are they relevant to the overall situation? What financial instruments do they discuss caused the problem? What role did the US government, the Federal Reserve play in addressing the issues? What impact did this have on the financial system? What was the outcome of the collapse? What are some key issues you would like to highlight?

Answer rating: 100% (QA)

The collapse of the US financial system in 2008 was primarily caused by a combination of factors including Subprime mortgage crisis Lending institutions issued highrisk mortgage loans to borrowers who ... View the full answer