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Think of it like this: imagine a game of Jenga where each block represents a financial product. The more complex the structure, the more unstable it becomes. And if the rules of the game (regulations) are relaxed, players (financial institutions) are more likely to make risky moves, increasing the chance of the whole tower collapsing. This is essentially what happened in the lead-up to the crisis. The complexity of the financial products made it difficult to assess their true value and risk, and the lack of regulation allowed financial institutions to take on excessive leverage, making the system incredibly vulnerable.
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