Which of the following does your author suggest is NOT a lesson learne

Which of the following does your author suggest is NOT a lesson learned from the the Great Recession of 2007 -2009?

A) Individuals and firms that took on too much debt suffered dramatically.
B) Firms and individuals that relied too heavily on short-term debt to finance long-term assets suffered when financial liquidity dried up.
C) The crisis started in and was mostly limited to the collapse of the U.S. housing market.
D) All of the above.

ANSWER

C