The widely publicized subprime lending crisis was NOT caused by
A. capital market participants who acted in their own self-interest.
B. a lack of transparency.
C. the practice of securitizing assets.
D. a lack of investor understanding of the investment’s true risk.
Answer:C
The widely publicized subprime lending crisis was NOT caused by
A. capital market participants who acted in their own self-interest. B. a lack of transparency. C. the practice of securitizing assets. D. a lack of investor understanding of the investment’s true risk.