After the 2008 Financial Crisis, Policy Makers Realized That the Scope

Multiple Choice

After the 2008 financial crisis, policy makers realized that the scope of banking regulation was:

A) too narrow, because the Federal Reserve was the only agency with any power to regulate banks.
B) too broad, because both depository and shadow banks were overregulated.
C) too broad, because market forces, not government regulation, should be allowed to determine the outcome of a financial crisis.
D) too narrow, because shadow banks were not subject to much regulation.