Question

The lesson(s) of the credit crisis of 2007-2009 is that the "bankruptcy remote" arrangement of the special-purpose entity (SPE):

A. reduces the need for securitization.

B. eliminates the probability of bankruptcy of the originator institution.

C. may create problems if the underlying loans go bad in great numbers.

D. eliminates the need for a trustee.

E. All of the options are correct.

Answer

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