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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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