Which of the Following Is True

Which of the following is true?

A) The high and volatile interest rates of the 1970s and 1980s encouraged large banks to pursue securitization as a means of increasing funding for traditional home mortgages.
B) Changes in tax laws, the creation of government- sponsored enterprises (GSEs) , and technological innovation facilitated this process.
C) Securitization spread to many other types of asset-backed issues including home equity loans, auto finance, credit cards, commercial loans, student loans, and manufactured housing.
D) Although it held out the promise of efficiency gains to be shared by all market participants, securitization is currently viewed by many as having contributed to the current financial crisis.
E) All of the above are true.