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Questions and Answers
What financial innovation changed banking forever according to the text?
How did bundling thousands of mortgages together affect the yield and risk?
What was the credit rating of the bond discussed in the text?
What industry became America's number one industry as mentioned in the text?
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In what year did the financial crisis happen according to the text?
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What event led to Bear Stearns being described as being in a 'death spiral'?
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What did Lewis Ranieri's mortgage-backed security eventually result in?
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Why were most experts, leaders, and talking heads unaware of the impending financial crisis?
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What has been referred to as the worst financial crisis in modern times?
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In what way did some individuals differ from most experts regarding the financial crisis?
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