During 2007-2008, which of the following contributed to the collapse of the financial markets?

Question

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During 2007-2008, the financial markets collapsed under the weight of declining housing prices, subprime mortgages (mortgages with low-qualifying borrowers), and risky securities backed by these subprime mortgages. Because the value of bank assets declined dramatically, most large banks like CitiBank, Bank of America, and Wells Fargo had a shrinking capital base, meaning that the amount of debt in relation to their equity was so high that they were below the minimum capital requirements.

During 2007-2008, Which of the Following Contributed to the Collapse