Question

All of the following are recognized as an important influences in the development of the banking crisis of 2008 and the resulting credit crisis EXCEPTa. Consumers, especially homeowners, took on too much debtb. The IMF bailed out Freddie Mac and Fannie Maec. Real estate prices collapsedd. Too many subprime loans were repackaged and sold as securities

Answer 1

Answer: The correct answer is choice b.

Explanation: The of the choices are recognized as important influences in the development of the banking crisis of 2008 except that the IMF bailed out Freddie Mac and Fannie Mae. These two organizations were bailed out, but by the US Treasury and not by the IMF.