Which of the following did the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) not do?
A) injected $50 billion-raised by issuing taxpayer-financed bonds-into a newly created SAIF
B) created the Office of Thrift Supervision (OTS) and Resolution Trust Corporation (RTC)
C) relaxed restrictions on the investments S&Ls could make
D) made deposit insurance the full-faith and credit obligation of the federal government
Correct Answer:
Verified
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