Much of it involved costly churning of portfolios, while increased leverage implied fragility for the financial system as a whole and imposed severe social costs as over-exposed households subsequently went bankrupt.
1	Much	much	PRON	PI	PronType=Ind	4	nsubj	_	_
2	of	of	ADP	E	_	3	case	_	_
3	it	it	PRON	PE	Number=Sing|Person=3|PronType=Prs	1	nmod	_	_
4	involved	involve	VERB	V	Mood=Ind|Person=3|Tense=Past|VerbForm=Fin	0	root	_	_
5	costly	costly	ADJ	A	Degree=Pos	6	amod	_	_
6	churning	churning	NOUN	S	Number=Sing	4	obj	_	_
7	of	of	ADP	E	_	8	case	_	_
8	portfolios	portfolio	NOUN	S	Number=Plur	6	nmod	_	SpaceAfter=No
9	,	,	PUNCT	FF	_	4	punct	_	_
10	while	while	SCONJ	CS	_	13	mark	_	_
11	increased	increased	ADJ	A	Degree=Pos	12	amod	_	_
12	leverage	leverage	NOUN	S	Number=Sing	13	nsubj	_	_
13	implied	imply	VERB	V	Mood=Ind|Person=3|Tense=Past|VerbForm=Fin	4	advcl	_	_
14	fragility	fragility	NOUN	S	Number=Sing	13	obj	_	_
15	for	for	ADP	E	_	18	case	_	_
16	the	the	DET	RD	Definite=Def|PronType=Art	18	det	_	_
17	financial	financial	ADJ	A	Degree=Pos	18	amod	_	_
18	system	system	NOUN	S	Number=Sing	13	obl	_	_
19	as	as	ADP	E	_	18	advmod	_	_
20	a	a	DET	RI	Definite=Ind|PronType=Art	19	fixed	_	_
21	whole	whole	NOUN	S	Number=Sing	19	fixed	_	_
22	and	and	CCONJ	CC	_	23	cc	_	_
23	imposed	impose	VERB	V	Mood=Ind|Person=3|Tense=Past|VerbForm=Fin	13	conj	_	_
24	severe	severe	ADJ	A	Degree=Pos	26	amod	_	_
25	social	social	ADJ	A	Degree=Pos	26	amod	_	_
26	costs	cost	NOUN	S	Number=Plur	23	obj	_	_
27	as	as	SCONJ	CS	_	33	mark	_	_
28	over	over	ADV	B	_	30	advmod	_	SpaceAfter=No
29	-	-	PUNCT	FF	_	28	punct	_	SpaceAfter=No
30	exposed	expose	VERB	V	Tense=Past|VerbForm=Part	31	acl	_	_
31	households	household	NOUN	S	Number=Plur	33	nsubj	_	_
32	subsequently	subsequently	ADV	B	_	33	advmod	_	_
33	went	go	VERB	V	Mood=Ind|Person=3|Tense=Past|VerbForm=Fin	23	advcl	_	_
34	bankrupt	bankrupt	ADJ	A	Degree=Pos	33	xcomp	_	SpaceAfter=No
35	.	.	PUNCT	FS	_	4	punct	_	_
