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The authors of the Financial Crisis Inquiry Report believe that the financial

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The authors of the Financial Crisis Inquiry Report believe that the financial crisis of the 2007-2008 was unavoidable. TRUE OR FALSE

Apr 26th, 2015

Answer: False

Explanation:  2007 - 20008 financial crisis was avoidable if financial institutions providing mortgage loans adhered to rules any regulations of mortgage lending.  Some institutions became greedy and offered loans  where mortgagees were not qualified and could not afford  the loans given to them.

Apr 26th, 2015

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