a) Share your thoughts about this housing crisis (e.g. were you or your family, friends/close ones affected by this event?).
b) Which efficiency was least prevalent during this crisis - Productive Efficiency OR Allocative Efficiency?
c) Given that owning a home is a private good, who do you think is the most responsible for this crisis - the consumer, the mortgage provider OR the government? Why?
d) Conduct your own research on the Internet to find TWO 'checks and balances' that have been put in place by the government (intervention) since this housing crisis to prevent it from happening again. Do provide the URL in your citation/sources, and discuss if they are effective at the moment.