QUESTION 1: Your answer must be TYPED and submitted in the space below. Do NOT attach/submit separately. (elsewhere or v
Posted: Thu May 19, 2022 10:16 am
QUESTION 1: Your answer must be TYPED and submitted in the space below. Do NOT attach/submit separately. (elsewhere or via email). [15 points] Discuss the Financial Crisis of 2008, what were the causes/factors that led to the crisis, what triggered it, and how it unfolded. Make sure to elaborate on the important elements that contributed to the crisis. As part of your answer also discuss the role of financial innovations, the "originate to distribute model”, the subprime mortgage origination data, the role of the repo market, debt deflation and the FED, credit growth issues, etc. Provide specifics (avoid generalities) and support your statements with economic evidence (data) when possible. Your answer MUST BE in Essay Type Format; in other words, provide a narrative/discussion of the crisis where different ideas/events/issues/etc. are linked to each other. Do NOT LIST a set of ideas or events; no bullet points. Provide a cohesive discussion of the crisis. I A - Ff iii III B I U Ꭶ X2 x2 QiLearn Video &