Which of the Following Occurred as a Result of the Subprime

question 70

Multiple Choice

Which of the following occurred as a result of the subprime mortgage crisis?

• A)American International Group (AIG), a giant insurance company, was on the brink of bankruptcy when the government stepped in and bailed it out with loans of $85 billion.
• B)The Federal National Mortgage Association (Freddie Mac) was bought by Merrill Lynch.
• C)Profits at most banks rose as people started saving more.
• D)The government provided $15,000 to homeowners who could not make their mortgage payments and so foreclosures declined.

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