What differences existed between how political leaders assumed the bailout plan of 2008 would work and how it actually worked?
A. Political leaders assumed the bailout plan would provide banks with the means to avoid bankruptcy and stay in business, but many went out of business anyway.
B. Political leaders assumed that banks would use the bailout money to help Americans stay in their homes, but most Americans were not interested in taking on any new debt, even if it meant losing their homes.
C. Political leaders assumed that the bailout plan would provide banks with the means to start lending again and stimulate an economic revival, but banks did not focus on making loans to creditworthy businesses and individuals.
D. Political leaders assumed that the bailout plan would provide banks with the means to hire new employees, thus jump-starting the economy, but the banks used the money to provide bonuses to its own leadership.
Answer: C
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