The federal bailout of the S & Ls in the early 1990s ensured that no corrupt
special deals could be made.

Question

Quizplus · Accepted Answer

The federal bailout of the S & Ls in the early 1990s did not ensure that no corrupt special deals could be made. In fact, the savings and loan crisis was largely caused by corruption and fraudulent activities, leading to the collapse of many S & Ls. The federal bailout was aimed at preventing a broader economic collapse, but it did not address the underlying issues of corruption and mismanagement.

The Federal Bailout of the S & Ls in the Early