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The Bailout of the Savings and Loan Industry Was Much

Question 70

Multiple Choice

The bailout of the savings and loan industry was much delayed and,therefore,much more costly to taxpayers because


A) of regulators' initial attempts to downplay the seriousness of problems within the thrift industry.
B) politicians listened to the taxpayers rather than the S&L lobbyists.
C) Congress did not wait long enough for many of the problems in the thrift industry to correct themselves.
D) regulators could not be fired,therefore,they didn't care if they did a good job or not.

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