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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 :

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Answer:

President Obama indicates that there are several reasons for the financial crisis. According to the president, one reason is irresponsible practices by financial institutions. The amount of risk involved in newly created investments was high, and few investors or consumers understood this. These types of investments were made possible due to a lack of regulation within the system.

Explanation:

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The reason that the president gave for the financial crisis was the irresponsible acts that the financial systems were carrying out.

How these practices were causing the crisis

According to the president, the investments risks have become too much and the investors and customers of the institutions were not made to understand this.

He said these were happening due to the fact that the institutions did not have any bodies that were regulating them.

Read more on financial crisis here:

https://brainly.com/question/16687040

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