Washington Mutual’s acquisition of Long Beach Financial changed its business model and increased its credit loss profile because

Washington Mutual’s acquisition of Long Beach Financial changed its business model and increased its credit loss profile because
A . The resulting loss rate for Washington Mutual was more than 3 times higher than other mortgage lenders tracked by the FDIC
B . the two banks were focussed in different markets
C . Long Beach Financial had losses which it hadn’t realized at the time of the takeover
D . Of a general deterioration of credit quality generally

Answer: A

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