Write an analysis of "All The Devils Are Here." by Bethany McLean and Joe Nocera Please conduct outside research on the book or its topics by seeking out additional academic sources to support your a

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**** **** ******* ***** ** ******** ** Wall Street investors *** ************ marketed them there was * **** ** ******** ******* ** the ***** ** the ******** ********* on the **** ********** ***** *** ******** ** **** the ******* *** ********** ***** ****** ***** companies **** *** ********* ** ******* **** ******* as long ** ********* ***** ****** low ** * consequence ****** Mae *** has the ***** **** ** this ****** ****** **** the ******** ***** of "homeownership" *** *** *********** President Franklin * Roosevelt's New Deal *********** * *** which effectively ********* ** **** ******* because the ********** ******** **** if ******** ******* **** ** ****** *** ******** dream ** "homeownership" ***** ** ***************** Agle and Williams *** As * result it ****** ****** ******* that *** ********** ***** **** out Fannie *** ** *** ***** ** *** ******** When this ******** ******* *** made it ************ one ** *** **** severe ******** downturns ** history ** *** 1980s and early 1990s ******* ***** ****** ** ***** *** ******** *********** ****** *** to *********** profit margins *** a **** ** *********** ********** to ********* **** ***** also **** **** * significant percentage ** *** ***** ** ********* decreased and liquidity ****** ****** **** credit *** ** ****** a requirement *** purchasing * **** ** * ****** *** ******** **** ** ******** ******* began ******* complex ***** down *** throats ** ******** ****** who ******** *** ***** many years ********** ******* ** *********** *** ** ********* in ******** ****** matters Many *** ********* ** **** ************ ********* ********* **** *** ****** ******** ** *** ********* Futures ******* ********** ****** ***** ******* *** ***** **** * ******** **** ** ******* for ********** ******* ** the way ******** ***** are traded(Darin **** and Williams *** According ** *** ******* ** *** ************ ******* ******** **** ********* who ****** ******** ****** ******** ** was a libertarian *** believed ** **** ******* *** ****** ******* ** ****** ***** ********** authors **** ******* the ****** ** ** **** ** *** ******* ******** ******* ***** *** ********** dominated ** * few ************ ********* rapidly *********** to ****** companies **** *********** *** ********** the **** ***** *** ********** rejected nonconforming mortgages ********** arbitrage *** *********** **** **** from ********** ***** *** ****** ******** ***** ********* **** ***** ******* **** ** ***** **** harmed ** ********** competition(Darin Agle *** Williams *** ** *** *** **** resulted ** * ********* **** of regulatory ******* ***** ********** *** ****** **** ******** ***** ** ******* ** someone ***** a ********** ********** ** ********************** 14) ** *** authors discovered ** one ** *** ***** from broker ** ******** ********** to **** ****** *** concerned ***** the ***** they **** *********** *** selling ***** bad **** **** ****** a *** ** risks ** ****** these *** ***** **** ****** ****** ***** **** **** too *********** with getting ************ Institutions: Risk ********** fails in this **** ******* it ** founded on incorrect thinking **** ** ****** created the **** of ***** at Risk ***** ** a **** ********** ******* ******* ********* ******** **** ** ****** default ***** (CDOs) ****** **** ************ to ************** 12) VaR *** ****** ******* and ** * *********** ********** **** ****** ************ became ******** ** ******** ** *** ***** the ******* *********** itself into an ********** and capable **** and product ********** organization ** *** ******* *********** **** clever ***** may go horribly wrong *** ** **** *** *** *********** ** **** ********* ****** Weatherstone *** ***** **** *** *** ***** **** ****** ** ******* the ****** held **** **** * national **** estate recession *** ** far-fetched **** ** ****** ** ******* Because to this ***** *** ******** **** **** **** **** ****** A **** ********* **** ****** * **** and they ********** ****** ********* *********** synthetic **** ** a ****** of being ************* ****** ******** and ************* ********* welcomed ***** *********** ** they expanded ** **** and ********** *** ********** ******** ***** ******** started ** ******** passing ***** tightly packed ******** ******* their ****** ****** **** ******* *** **** ******** **** ** develop at ***** ******* ** their ************** 13) ** a *********** ** **** ******** ********** acceptance ** *** ******* a ********* ****** ********* * ****** ** this ********* ** *** other **** ***** *** ** ****** **** *** criminal ******** ** ******* ******* ** *** ***** ** **** faith *** **** in ********* markets but **** in *************** and the ***** ** **** ****** ** *** American ***************** ** ******** ****** *** 2006 *** **** financial ****** John ******* ******* Burry and ******* ***** **** not *** **** **** **** ********* to short ********* ******* *** authors ***** **** * ****** ** ***** ***** **** ******* resulting ** *** another **** **** *** mortgage indexesIn *** ***** leading ** ** the crisis *** *********** ******** which **** any bank ********* by a ******** ********* **** ** *** Office ** the *********** ** *** ******** or *** ****** of ****** *********** ****** ** ***** *** ********* *********** stymied ***** *** ***** efforts to **** ** ******* **************** 12) ********* ** the authors ********* ****** ** **** ** *** set ** ***** ****** **** 50 different laws ** 50 ********* jurisdictions therefore ********** ***** sense ** ****** ************* ***** was no federal *** ** ********* to ******* ********* **** ********* **** practices ** * result ******* **** ** *********** *** **** on the ******* ******* its former regulator ** **** **** *** ******* flocking to *** OTS *** *** **** was * ******** ** ***** ******* *** ********** ******** **** *** ******* *********** ** a ****** **************** *** ********* *** ****** ******** according to *** ******* were *** ******* impartial *** majority ** individuals ****** on **** ** ****** the ******** ******** of different ***** ** debt *********** *** *************** securities ****** ********** of *** ********** ********** ********** with ** ** ****** *** **** demonstrated to ** ********* ** * ****** *** ******* ********* * ******** aspect ** ***** ************** ************ **** ********** ****** ********* ** a *********** *********** *** ** *** a ****** ** **** ***** ********** ********* ** **** had ** battle hard to *** the ******* grade However there *** ******* issue: credit rating agencies **** ** ****** of ******** **** *********** For an investment ****** ******* *** the ************ equivalent ** ***************** *********** Bethany and *** ****** *** *** ****** *** here: *** ****** history of *** ********* ****** ******* 2011Gates ***** ******* * **** *** Richard * ******** ********* ******** ******* ******* practice and future *********** The ********* ********* ** Business Ethics ********* 2018 60-76Mellyn ***** Broken Markets: * ****** Guide to *** Post-finance ******* ****** 2012Marshall ******* **** *** Devils *** ***** The ****** History ** *** ********* ******* Financial ********* *** ******* *******