1. Which of the following is TRUE at the peak of the 2008 financial crisis? [I] Bear Stearns collapsed and was acquired by JP Morgan-Chase [II] Washington Mutual collapsed and was also acquired by JPMorgan-Chase [III] Both AIG, the world's largest insurer, and Lehman Brothers, one of the largest Wall Street investment banks, collapsed and went out of business [IV] Both Fannie Mae and Freddie Mac, issuers of mortgage-backed securities collapsed but were seized by the Federal government in keeping with the government's guarantee obligation.

Question options:

1)	I, II, III

2)	I, II, III, IV

3)

I, II, IV

4)	III and IV