Which of the Following Is True with Regards to the Financial

Multiple Choice

Which of the following is true with regards to the financial crisis of 2007-2008?

A) Although the housing bubble peaked in July 2006, the Fed did not begin to act to mitigate the crisis until late 2007 because it thought the crisis could be contained in the subprime market.
B) In October 2008, a $700 billion bailout package was signed into law to mitigate the crisis.
C) The new Obama administration was expected to pass an even bigger bailout package since the economy continued to deteriorate into 2009.
D) All of the above are true.