The Fact That the Credit-Rating Agencies Both Advised Clients on How

Multiple Choice

The fact that the credit-rating agencies both advised clients on how to structure the financial instruments that paid out cash flows from subprime mortgages and also rated these financial instruments contributed to the

A) subprime financial crisis that began in 2007.
B) Enron collapse.
C) demise of Arthur Andersen.
D) technology bust.