Which of the following is one unintended consequence of the federal bailouts in response to the 2008 financial crisis?

	Managers who earned large bonuses when their businesses did well did not need to repay those bonuses later when things turned sour.
	Equity holders will credibly commit not to take excessive risk by agreeing to very strong bond covenants
	Bondholders will charge equity holders for the risk of this abuse.
	Lenders to corporations considered "too big to fail" may presume they have an implicit government guarantee, thus lowering their incentives to insist on strong covenants.