You just watched a video in which president Obama announced his plan for financial regulatory reform. According to President Obama, what are the reasons for financial crisis?

True. One of the major reasons that led to the financial crisis of 2007-8 was irresponsible practices by financial institutions such as betting against their clients. Financial institutions repackaged and sold toxic assets some of which were given a good credit rating. Investors did not know what they were getting into and when the credit rating of the securities changed, the system was plunged into chaos

Explanation:

the main inference that can be drawn from jean jacques rousseau's book the social contract is: a. people can enjoy civil and physical freedom, even if it sometimes harms society.

c is the correct answer for this question.