Questionable business practices such as those followed by many mortgage lending companies in the past few years:
A)encouraged investors to increase their stock market holdings.
B)fundamentally weakened the entire economic environment.
C)helped retired employees at the expense of current employees.
D)resulted from too much government regulation.

Question

Quizplus · Accepted Answer

Questionable business practices in the mortgage lending industry, such as issuing high-risk loans to consumers with little or no income verification, led to a housing bubble that eventually burst in 2008, leading to the worst financial crisis since the Great Depression. These practices weakened the entire economic environment, not just the mortgage lending industry, and resulted in widespread foreclosures, job losses, and a credit freeze that affected businesses and individuals alike.

Questionable Business Practices Such as Those Followed by Many Mortgage