James borrows $300,000 for a home from bank a. bank a resells the right to collect on that loan to bank b. bank b securitizes that loan with hundreds of others and sells the resulting security to a state pension plan, which at the same time purchases an insurance policy from aig that will pay off if james and the other people whose mortgages are in the security can’t pay off their mortgage loans. suppose that james and all the other people can’t pay off their mortgages. which financial entity is legally obligated to suffer the loss? a. bank a. b. bank b. c. the state pension plan. d. aig.

D) AIG

Explanation:

We went back in time to 2008 and we are in the middle of the subprime mortgage crisis. This is an example of how mortgage backed securities and collateralized debt obligations worked.

The problem with this scenario is that in order for every company involved to be able to make a profit, the mortgages' interest rates skyrocketed which made it harder for families to pay back their loans. This eventually made the families lose their houses and that was the end to the housing bubble and the whole economy collapsed.

x=3

step-by-step explanation:

this is really simple i saw that there was only one term (5x) and thought if that was 15 what would i have to multiply everything else to get it there? well if 5x became 15 then x would have to be 3 so plug the 3 in the x for the other equations and you get 15 for the other ones. so there you go. : )

answer; bootstrapping is your answer;