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.
Correct Answer:
Verified
Q65: The Depository Institutions Deregulation and Monetary Control
Q66: One of the problems experienced by the
Q67: That several hundred S&Ls were not even
Q68: Moral hazard and adverse selection problems increased
Q69: The policy of _ exacerbated _ problems
Q71: The Basel Committee ruled that regulators in
Q72: When regulators chose to allow insolvent S&Ls
Q73: Agreements such as the _ are attempts
Q74: The collapse of the Bank of Credit
Q75: "Bureaucratic gambling" refers to
A)the strategy of thrift
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