Question
18.All of these listed below were important enablers or causes of the recent collapse of financial markets except the one you will now select: A.
18.All of these listed below were important enablers or causes of the recent collapse of financial marketsexcept the one you will now select:
A. Federal Deposit Insurance Corporation limits on banks reforms were never passed;
B. Repeal of Glass-Steagall Act of 1933 prohibiting commercial banks from joining with financial service firms;
C. Capital reserve requirements were not sufficient for banks;
D. Congress and political parties put pressure on Fannie Mae and Freddie Mac to expand home loans;
E. Congress and the SEC did not regulate credit default swaps.
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