Which of the following contributed to the banking crisis of 2008?
A) The Federal Reserve Bank had kept interest rates at unprecedentedly high levels.
B) Banks and other lending institutions eliminated "subprime" mortgages.
C) Wall Street bankers withdrew themselves from the mortgage market.
D) The Federal Reserve Bank and other regulatory agencies slowed the speculative frenzy.
E) Public and private policies favored economic speculation and get-rich-quick schemes.
Correct Answer:
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