Which of the following is false?

Select one:

A. Lax regulation was one of the causes of the Global Financial Crisis of 2007-2009

B. During the Great Depression, uncertainty in financial markets decreased the spread between corporate bonds and Treasury bonds

C. Subprime mortgages refer to mortgages that are given to lower credit worth individuals

D. During the Global Financial Crisis of 2007-2009, the credit rating agencies had little incentive to make sure that their ratings were accurate.

E. Many banks were unwilling to lend each other during the Global Financial Crisis of 2007-2009.