Which of the Following Statements Regarding Goldman Sachs Avoiding Huge

Which of the following statements regarding Goldman Sachs avoiding huge losses from mortgage-backed securities (MBS) is INCORRECT?

A) Goldman Sachs's model for measuring risks failed to give any indication of the impending crisis in the housing market.
B) Goldman Sachs's model for measuring risks indicated that there was something wrong in the MBS market.
C) Goldman Sachs convened a meeting of risk managers and senior executives who discussed the market and decided to reduce their MBS risk exposure.
D) Goldman Sachs's action enabled the firm to avoid billions of dollars in losses when the housing market crashed in summer 2007.
E) While some observers claim that this incident illustrated a failure of models,a careful consideration reveals that by raising warning signs in a timely fashion,the model saved the firm from multibillion dollar losses.