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Answer:

President Barack Obama pointed out a combination of factors as the reason for the financial crisis such as: the lack of regulation in the financial system, which prompted the meager understanding manifested by investors about the high risk involved in new investments at the time and irresponsible practices displayed by financial institutions.

Explanation:

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According to President Obama, a combination of factors are the main reason for the financial crisis.

What is the financial crisis?

Financial crises are one of the phrases of the economy in which the value of financial assets suddenly loses value by a very large amount from their nominal value.

In the early 19th and 20th centuries, many financial crises arise due to banking terrors.

According to President Barack Obama, The reason for the financial crisis is due to a combination of factors that are the main reason for the financial crisis. Like the absence of regulation in the financial system.

Therefore, The combination of factors is the main reason for financial crises.

To learn more about the financial crisis, refer to:

https://brainly.com/question/906282