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All of the following occurred at the beginning of the financial crisis of 2007-2009 EXCEPT Select one: A. banks began to ease lending requirements to

All of the following occurred at the beginning of the financial crisis of 2007-2009 EXCEPT Select one: A. banks began to ease lending requirements to all borrowers. B. commercial and investment banks suffered heavy losses due to their holdings of mortgage-backed securities. C. many borrowers defaulted on their mortgages. D. the value of mortgage-backed securities declined sharply.

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