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Risk management

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Writ a critical analysis on subprime crisis that had hit the United State financial market in 2007-2008 and had severely affected powerful economies of the

world. Please include the following points in your writing.

Introduction of the crisis

Causes of the crisis

Whom to blame, Basel II, rating agency, the regulators or the banks themselves.

Conclusion.

You answer should be in approximately 700 words.

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