Many commentators have blamed the problems that led to the global financial crisis of 2008-2009,and the recession that followed on
A)a lack of free markets.
B)a lack of regulation.
C)the political ideologies followed in the Asian countries.
D)a strong presence of command economies.
E)a lack of privatization and liberalization.

Question

Quizplus · Accepted Answer

Many experts agree that a lack of adequate regulation played a significant role in the global financial crisis of 2008-2009. Financial institutions took on excessive risk, engaged in reckless lending practices, and made speculative investments with little oversight or accountability. This allowed problems to fester and grow until they ultimately exploded, causing widespread harm to the global economy. While other factors may have also contributed to the crisis, the need for greater regulation is widely recognized.

Many Commentators Have Blamed the Problems That Led to the Global