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21 February, 01:58

According to president obama, what are the reasons for the financial crisis?

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  1. 21 February, 05:16
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    The 2008 recession was one of the major financial crises that happened during President Barrack Obama's administration. The president stated that one of the primary reasons of the mayhem was the shortage of liquidities in banks. Due to these, the rate of banks in limiting loans increased dramatically.
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