Multiple Choice
These entities worked as second-party consolidators by purchasing loans and reselling them to investors.
A) The Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac)
B) Structured investment vehicles (SIVs)
C) Credit rating agencies
D) Investment banks
E) All of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Rating agencies were exposed to a conflict
Q3: Goldman Sachs' GSAMP Trust was able to
Q4: The 1933 Glass-Steagall Act precluded banks from:<br>A)practicing
Q5: Early in 2008, mark-to-market accounting provisions caused
Q6: According to former Federal Reserve chairman Alan
Q7: Investors relied on the judgment of credit
Q8: Which of the following is not an
Q9: These regulators were aware of the problem
Q10: A fundamental problem with Goldman Sachs' GSAMP
Q11: The movie The Big Short is the