Business
Business, 19.02.2021 02:00, katrinajernae7008

​[Related to Making​ Connection] A column in the New York Times noted that during the housing boom that ended in​ 2006: "Global banks had loaded up on these supposedly safe​ securities, and were at risk of becoming insolvent when their true value became known. Some banks blew​ up; others were bailed out." ​Source: Neil​ Irwin, "What ​'The Big​ Short' Gets​ Right, and​ Wrong, About the Housing ​Bubble," New York Times​, December​ 22, 2015. Which of the following are the securities the columnist is referring​ to? A. Government bonds. B. ​Tax-deferred annuities. C. Commercial paper. D. ​Mortgage-backed securities. What caused the value of these securities to​ decline?

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