Which of the Following Is True with Regards to the Financial

Multiple Choice

Which of the following is true with regards to the financial meltdown of 2008?

A) The financial crisis of 2008 had been in the subprime mortgage markets and later spread to the financial system and the broader economy.
B) The five largest investment banking firms were merged with other financial institutions, went bankrupt, or converted to bankholding companies to gain access to borrow from the Fed.
C) A series of unprecedented collapses of financial institutions began that culminated in a massive bailout of the financial system by the government.
D) All of the above are true.