Which of the following is true with regards to the financial meltdown of 2008?
A)The financial crisis of 2008 had been in the subprime mortgage markets and later spread to the financial system and the broader economy.
B)The five largest investment banking firms were merged with other financial institutions, went bankrupt, or converted to bankholding companies to gain access to borrow from the Fed.
C)A series of unprecedented collapses of financial institutions began that culminated in a massive bailout of the financial system by the government.
D)All of the above are true.

Question

Quizplus · Accepted Answer

All of the options are true. The financial crisis started in the subprime mortgage market and spread to the broader economy. The five largest investment banking firms were either merged with other financial institutions or went bankrupt. The government had to bail out the financial system due to the unprecedented collapses of financial institutions.

Which of the Following Is True with Regards to the Financial