All of the following are recognized as important influences in the development of the banking crisis of 2008 and the resulting credit crisis EXCEPT for which one?
A) Consumers, especially homeowners, took on too much debt.
B) Too many subprime loans were repackaged and sold as securities.
C) The IMF bailed out Freddie Mac and Fannie Mae.
D) Real estate prices collapsed.
Correct Answer:
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