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15 December, 10:40

Which contributed to the bursting of the housing bubble in 2007 and 2008?

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  1. 15 December, 10:48
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    Hedge funds, banks, and insurance companies caused the subprime mortgage crisis. Hedge funds and banks created mortgage-backed securities.

    Explanation:

    The insurance companies covered them with credit default swaps. Demand for mortgages led to an asset bubble in housing.
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