During the early 1980s, Congress relaxed restrictions on the asset holdings of S&Ls by allowing them to hold all of the following EXCEPT

Question

Quizplus · Accepted Answer

During the early 1980s, Congress allowed savings and loan associations (S&Ls) to diversify their asset holdings, including junk bonds, commercial mortgages, and direct real estate investments, but they did not permit S&Ls to hold corporate stock. This was part of a broader deregulation effort aimed at helping S&Ls become more competitive and profitable, but it did not extend to allowing them to invest directly in corporate stocks.

During the Early 1980s, Congress Relaxed Restrictions on the Asset