Between September 2007 and September 2009

Between September 2007 and September 2009,

A) the Fed oversaw the conversion of all thrifts into commercial banks.
B) the FDIC closed more than 200 U.S.banks and shifted their deposits to other banks.
C) the Fed increased capital requirements for larger financial institutions in an effort to reduce moral hazard.
D) the FDIC paid out more than $500 billion to depositors who held money in failed banks.

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