Merrill Lynch was a key player in the subprime mortgage collapse. It had been securitizing subprime loans and then selling them to investors who had borrowed the money to purchase them from Merrill Lynch itself.

Question

Quizplus · Accepted Answer

This statement is true. Merrill Lynch was securitizing and selling subprime loans to investors, contributing to the subprime mortgage collapse.

Merrill Lynch Was a Key Player in the Subprime Mortgage