Which of the following is true with regard to the report issued by the Financial Crisis Inquiry Commission (FCIC) in 2011 on the causes of the financial crisis?

Question

Quizplus · Accepted Answer

The majority of the report issued by the Financial Crisis Inquiry Commission (FCIC) in 2011 concluded that stronger regulation and more vigilant enforcement could have prevented the crisis. The report did not lay much of the blame on the role of Fannie Mae and Freddie Mac, nor did it hold the Community Reinvestment Act (CRA) primarily responsible for the crisis. Instead, the report highlighted the role of Wall Street and its securitization of high-risk mortgages in contributing to the crisis.

Which of the Following Is True with Regard to the Report