
During the credit crisis, all of the following occurred except:
A) some securities firms were allowed to become bank holding companies.
B) the Federal Reserve rescued American International Group, an insurance company.
C) the Treasury injected funds into financial institutions.
D) the Supreme Court ruled that the Federal Reserve had exceeded its authority by assisting Bear Stearns because Bear was a securities firm and not a commercial bank.
Correct Answer:
Verified
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