Who or what do you believe was the proximate cause of the 2008-to-present credit crisis? What lessons are to be learned from the crisis? Explain by referring to the textbook Financial Markets and Institutions by Jeff Madura, the Wall Street Journal articles, and any other approved sources. Make sure to answer the question!
Summary in your own words what the textbook and wall street journal say about the topic. Your answer, “solution”, opinion or comments on the topic. Take a position and defend it. Be a one-handed economist! The paper has to have accurate citations, summarizes without paraphrasing or excessive use of quotes.
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