C为什么不对呢

问题如下：

A risk manager at a financial institution is preparing a webinar presentation on the topic of the great financial crisis of 2007-2009. The manager wants to include a description of several market events that occurred involving large financial institutions during the subprime mortgage crisis. Which of the following events happened during the peak of the subprime crisis?

选项：

A.

Fannie Mae and Freddie Mac were nationalized by the US government.

B.

Long-Term Capital Management (LTCM) was acquired by a consortium of banks after losing most of its capital.

C.

A large financial institution purchased part of Lehman Brothers and thereby prevented Lehman from being forced to file for bankruptcy.

D.

Citigroup was converted to a bank holding company and became regulated by the Federal Reserve.

解释：

Explanation

A is correct. The peak of the subprime crisis came in the fall of 2008, which saw a cascade of events, including the two mortgage agencies Fannie Mae and Freddie Mac being nationalized.

B is incorrect. The collapse of Long-Term Capital Management occurred in 1998 and was not related to the subprime mortgage crisis.

C is incorrect. On September 15, 2008, Lehman Brothers filed for bankruptcy, after attempts to organize an industry rescue or to sell the firm to another large bank ultimately failed.

D is incorrect. Morgan Stanley and Goldman Sachs, not Citigroup, were converted to bank holding companies during this time.

Section Foundations of Risk Management

Learning Objective Describe the historical background and provide an overview of the 2007-2009 financial crisis.

Reference Global Association of Risk Professionals. Foundations of Risk Management. New York, NY: Pearson, 2022. Chapter 10. Anatomy of the Great Financial Crisis of 2007-2009.