Which is NOT one of the types of fraudulent practices that led to the savings and loan failures in the 1980s?
A)the manipulation of stocks by corporate investors
B)illegal nonbanking activities by S&L owners
C)collective embezzlement by S&L owners
D)covering up illegal practices

Question

Quizplus · Accepted Answer

While stock manipulation was a common practice in other financial scandals, it was not a significant factor in the savings and loan failures of the 1980s. The main types of fraudulent practices that led to the failures were illegal nonbanking activities by S&L owners, collective embezzlement by S&L owners, and covering up illegal practices.

Which Is NOT One of the Types of Fraudulent Practices