The __________, passed in 1989, injected $50 billion into the newly created SAIF, set up the Office of Thrift Supervision (OTS) and the Resolution Trust Corporation (RTC), made deposit insurance a full-faith and credit obligation of the federal government, imposed new regulations on assets, and imposed capital requirements.

Question

Quizplus · Accepted Answer

The description matches the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) passed in 1989, which created the Resolution Trust Corporation (RTC) and the Office of Thrift Supervision (OTS), injected $50 billion into the newly created SAIF, imposed new regulations on assets, and imposed capital requirements. The other options do not match the given description.

The __________, Passed in 1989, Injected $50 Billion into the Newly