Karen ZhuProfessor HyclakOne of the main topics of the presentation was the recent problems with the economy, including the most recent recession. As Professor Hyclak covered, there are a variety of reasons and factors as to why the United States in particular faced the recent economic recession. One of the biggest reasons was the real estate market crash, subprime mortgage loans, and credit default swaps. Many people believed that the irresponsible lending of large banks and investment firms were to blame. Not only did these major factors contribute to the recession, consumer behavior
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