What Was the Result of the Housing Industry Crash in 2007

Multiple Choice

What was the result of the housing industry crash in 2007?

A) It affected only some reckless speculators but worried American voters.
B) It destroyed the American economy but benefited the economies of most other countries.
C) It sent bank profits soaring, given all the homes they were able to acquire through foreclosure.
D) It froze credit, provoked the Great Recession, and helped shatter support for Bush.
E) It had long been predicted by the Bush administration and helped it regain the public's trust.