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    Banks and the Financial Crisis

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    The GSEs would not purchase subprime and Alt-A nonagency securities during the 2000s. This meant that banks had to buy these risky securities which was a leading factor leading to the collapse of Wells Fargo.

    True or false and why?

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    Solution Preview


    The opposite is true. The GSEs did purchase subprime and Alt-A ...

    Solution Summary

    This solution explains if the GSE question listed is true or false, and explains why.