The 2008 credit crunch occurred when banks reduced lending in response toa the loss of asset value for mortgage-backed securities and mortgage loans. b having too little capital to satisfy capital requirements. c an excess of bank capital. d an increase in the required reserve ratio.
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Home » Business » The 2008 credit crunch occurred when banks reduced lending in response toa the loss of asset value for mortgage-backed securities and mortgage loans. b having too little capital to satisfy capital requirements. c an excess of bank capital.