The "Perfect Financial Storm" That Developed in 2008, Which Put

Multiple Choice

The "perfect financial storm" that developed in 2008, which put the U.S.economy was on the verge of collapse was characterized by all of the following EXCEPT:

A) The housing price "bubble" burst in 2006 and began a sharp decline.
B) Stock market prices peaked in 2007 and began a sharp decline.
C) Many of the mortgage-related debt securities originated and sold to others, or held, by banks became difficult to value during the perfect financial storm and quickly became known as "troubled" or "tonic" assets.
D) Individuals and businesses were defaulting on loans and home mortgages in increasing numbers due to the weakening economy and falling home prices.
E) All of the above were factors