Which of the Below Statements Is FALSE

Which of the below statements is FALSE?

A) The Fed has little regulatory power over the nation's depository institutions, especially commercial banks.
B) From time to time, critics charge that the Fed guards its autonomy by accommodating either the White House or Congress (or both) far too much.
C) Securitization permits commercial banks to change what once were illiquid consumer loans of several varieties into securities.
D) An important feature of the Fed is that, by the terms of the law that created it, neither the legislative nor the executive branch of the federal government should exert control over it.