how does the investigation into investment banks after the 2008 economic meltdown strengthen the case for congressional investigation ?

Respuesta :

The congressional investigation was strengthened by the investigation into investment banks because the economic meltdown in 2008 showed how important it was to investigate and monitor institutions such as banks or the congress.

In 2008, there was a major economic crisis all around the world. This crisis was caused by two main factors:

  • Banks unethically lent excessive amounts of money to homebuyers that could not pay back their debt.
  • High-risk investments.

This situation showed how important it was to investigate institutions such as banks because this could act unethically and this could have serious consequences.

Due to this, in the last years, the congressional investigation has increased. This means the actions of congress members are monitored and investigated to verify their actions are ethical and avoid any issue.

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