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.

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.

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