Which of the following events took place during the GFC?
A) September 2008: Lehman Brothers failed and Merrill Lynch was absorbed by Bank of America.
B) Bernard Madoff, a leading hedge fund operator, admitted that his fund was a Ponzi scheme. He admitted to taking $50 billion of investors' money.
C) RAMS Home Loans in Australia was sold to Westpac because it could not obtain adequate wholesale funding.
D) All of the above.
Correct Answer:
Verified
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