As a response to a rise in savings and loan failures, the federal government no longer insures holders of accounts in savings and loan associations.

Question

Quizplus · Accepted Answer

This statement is false. In fact, as a response to the savings and loan crisis in the 1980s, the federal government established the Resolution Trust Corporation to insure deposits in failed savings and loan associations and to manage the liquidation of those institutions. The corporation provided coverage up to $100,000 per account holder.

As a Response to a Rise in Savings and Loan