Contributing to the Crisis May Have Been Government Failure for All

Contributing to the crisis may have been government failure for all of the following reasons, EXCEPT:

A) too many guarantees and subsidies to banks and quasi-official financial institutions encouraging irresponsible lending.
B) a monetary policy that was "too easy," resulting in low interest rates and excessive borrowing.
C) a trend toward deregulation and lack of oversight of financial innovation.
D) a reversion to economic fundamentals such as balanced budgets and a paring down of financial innovation.