Which of the following statements is incorrect?

A. Pick-a-payment mortgages helped poor people by allowing them to buy houses they could not afford otherwise. B. One of BB&T principles was never to do anything that in a long run would harm a customer as eventually that would harm the firm. C. Regular banks could not compete with Freddie and Fannie as these institutions could raise funds at very low interest rates. D. Government actions put many financial institutions in a desperate situation before the financial crisis encouraging them to take more risk in a hope to survive.