The massive looting of the S & Ls was not undertaken for direct personal benefit,
but rather to finance illegal enterprises.

Question

Quizplus · Accepted Answer

The statement suggests that the looting of S&Ls was not done for personal benefit, but rather to finance illegal enterprises. However, this is not entirely true. While some individuals involved in the S&L crisis may have had other motives, many were directly benefiting from the fraud and mismanagement of these institutions.

The Massive Looting of the S & Ls Was Not