Question: The financial crisis can be viewed as a balance sheet problem. 1. Explain what a balance sheet is. 2. Explain why the financial crisis can

The financial crisis can be viewed as a balance sheet problem.
1. Explain what a balance sheet is.
2. Explain why the financial crisis can be viewed as a balance sheet problem.
3. List which assets on bank balance sheets lost value during the financial crisis due to the fact that they were riskier than thought to be.

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