Multiple Choice
Why didn't investors caught in the subprime lending crisis take earlier note of the risks inherent in investments known as collateralized debt obligations (CDOs) ?
A) Investors were driven by greed and the desire for high returns.
B) Banks were selling and buying them.
C) The risks were buried in complex, jargon-oriented documents.
D) The risks were diversified over many mortgages.
E) Only three of the above
Correct Answer:
Verified
Correct Answer:
Verified
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