please find the instruction in the attached fileInstructions – PLEASE READ THEM CAREFULLY

· The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.

· Assignments submitted through email will not be accepted.

· Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.

· Students must mention question number clearly in their answer.

· Late submission will NOT be accepted.

· Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.

· All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).

· Submissions without this cover page will NOT be accepted.

Assignment Question(s): (Marks:5)

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.

Your answer should be in approximately 800 words.

Answer: