All of the following are true statements about the Savings and Loan crisis except
A) It was caused by allowing S&Ls to invest in risky ventures such as shady real estate deals.
B) One of the biggest S&L failures was investing in large companies that used the money to buy up weaker competitors.
C) It led to layoffs and heavy corporate debt.
D) Millions of Americans lost all their savings.
E) President Bush created a plan to resolve the crisis - at a taxpayer cost of $500 million.
Correct Answer:
Verified
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A)
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