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Advantage of naïve borrowers and engaged

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A common explanation for the 2007-08 financial crises is that greedy bankers took advantage of naïve borrowers and engaged in irresponsible business practices. Your text (pages 62-6) presents a different story. Which one makes sense to you and why? Be sure to think critically about the incentives all parties (politicians and bankers) face and who pays the higher price for mistakes.  Back up your answers/remarks with quotations from your text, other written sources, the Internet, and scripture.  

Your response should be between 250-300 words and in APA format.

Reference no: EM131382643

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