Important role in the economic meltdown

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The residential real-estate market played an important role in the economic meltdown in 2008. What were the driving forces behind this collapse and do you think that this is something that meltdown has shown to authorities (Federal Reserve, Wall Street, Regulators) that will allow them to stave off another similar collapses? Did the bailout present a moral hazard problem for the regulators that continues till today?

Reference no: EM131090401

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