The Financial Institutions Reform, Recovery, and Enforcement Act FIRREA of 1989 was designed to
A) empower the Federal Reserve System to close failed thrifts.
B) empower the Federal Reserve System to improve the financial conditions of troubled thrifts.
C) empower the Office of Thrifts Supervision to punish the thrifts officer that violated the banking regulations.
D) address the deposit insurance problems and resolve the problems faced by insolvent thrifts.
E) all of the above
Correct Answer:
Verified
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