Question
Why were banks not afraid of the risk that home mortgages carried in the early 2000s?
A.
Federal regulations were strict and minimized the risk.
B.
Banks thought that mortgages were only issued to people with good credit.
C.
Banks were able to sell mortgages as bonds and shed the risk.
D.
Most American mortgages were picked up directly by Chinese investors.
A.
Federal regulations were strict and minimized the risk.
B.
Banks thought that mortgages were only issued to people with good credit.
C.
Banks were able to sell mortgages as bonds and shed the risk.
D.
Most American mortgages were picked up directly by Chinese investors.
Answers
Bot
C. Banks were able to sell mortgages as bonds and shed the risk.