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You just watched a video in which President Obama announces his plan for financial regulatory reform. According to President Obama, what are the reasons for the financial crisis?

Respuesta :

annyksl

Answer:

According to the president, one of the main reasons that triggered this crisis was the lack of responsibility of national financial institutions.

Explanation:

According to the president, the country's financial institutions were irresponsible in creating situations in which there was a very large amount of risks involved in national investments. In addition to this increase in risks, the number of investors was very small and the number of consumers was even smaller. This caused a deregulation in the financial system that generated a strong national crisis, leaving the economic sector in complete chaos.

After watching the video of resident Obarc Obama and listening to his plans for the financial authority for the reforms. he asserts the reasons for the crisis.  

  • Obama tells that there are various reasons for the financial crisis. According to him, one of reason is irresponsible nature of practices by the financial institutions.
  • amount of the risks involved in newly created investment was high, and few investors or consumers comprehend this. These types of investment were made possible by lack of regulation within the system.

Learn more about the video in which President Obama announces.

brainly.in/question/36474680.

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