Define the following terms and explain why they were important during the housing and credit crisis of 2007-2009
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Response must be financial and NOT politically focused
1 page double space, be meager with your words while providing important and crucial details – no rambling.
watch two videos and answer the question.
https://www.youtube.com/watch?v=GPOv72Awo68
https://www.youtube.com/watch?v=bCEJ65H_1XE
Define the following terms and explain why they were important during the housing and credit crisis of 2007–2009.
· Securitization
· Subprime loans
· Asset write-down.
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