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

After watching the video of resident Obarc Obama and listening to his plans for the financial authority for the reforms. he asserts the reasons for the crisis.  

Learn more about the video in which President Obama announces.

According to the president, one of the main reasons that triggered this crisis was the lack of responsibility of national financial institutions.

Explanation:

According to the president, the country's financial institutions were irresponsible in creating situations in which there was a very large amount of risks involved in national investments. In addition to this increase in risks, the number of investors was very small and the number of consumers was even smaller. This caused a deregulation in the financial system that generated a strong national crisis, leaving the economic sector in complete chaos.

absolute poverty the condition of having too little income to buy the necessities-- food, shelter, clothing, health care.

achieved status a social position (status) obtained through an individual's own talents and efforts.

affirmative action the requirement that employers make special efforts to recruits hire and promote qualified members of previously excluded groups including women and minorities.

aggregate a collection of unrelated people who do not know one another but who may occupy a common space--for example, a crowd of people crossing a city street.

agrarian societies societies in which large scale cultivation using plows and draft animals is the primary means of subsistence.

alienation the separation or estrangement of individuals from themselves and from others.

amalgamation the biological as well as cultural assimilation (merging) of racial or ethnic groups.

anomalies in science observations or problems that cannot be explained or solved in terms of a prevailing paradigm.

anomie a breakdown or confusion in the norms, values, and culture of a group or a society. a condition of relative normlessness.

anomie theory the theory suggesting that deviance and crime occur when there is an acute gap between cultural norms and goals and the socially structured opportunities for individuals to achieve those goals.

anticipatory socialization the process of taking on the attitudes values and behaviors of a status or role one expects to occupy in the future.

apartheid the recent policy of racial separation in south africa enforced by leg

explanation:

answer; philosophy;