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Question
Which of the following is true with regard to the report issued by the Financial Crisis Inquiry Commission (FCIC) in 2011 on the causes of the financial crisis?
a) The majority laid much of the blame on the role of Fannie Mae and Freddie Mac.
b) The majority held the Community Reinvestment Act (CRA) primarily responsible for the crisis.
c) The majority concluded that Wall Street and its securitization of high-risk mortgages did not contribute significantly to the crisis.
d) The majority concluded that stronger regulation and more vigilant enforcement could have prevented the crisis.
Answer
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