Tracing the cause of the banking crisis of 2008-2010,which of the following organizations is not in the news as having been a contributor to the crisis?
A) The Federal Reserve suppressed interest rates which made it easier for prospective home owners and others to get loans.
B) Congress promoted questionable loans.
C) Banks dealt in MBSs (Mortgage Backed Securities) that were not as safe as assumed.
D) Pension funds invested in risky investments.
Correct Answer:
Verified
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