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12 February, 05:06

Which contributed to the bursting of the housing bubble in 2007 and 2008?

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  1. 12 February, 07:04
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    Hedge funds, banks, and insurance companies caused the subprime mortgage crisis. Hedge funds and banks created mortgage-backed securities.

    Explanation:

    The insurance companies covered them with credit default swaps. Demand for mortgages led to an asset bubble in housing.
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