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The Competitive Equality in Banking Act of 1987

Question 37

Multiple Choice
The Competitive Equality in Banking Act of 1987

The Competitive Equality in Banking Act of 1987


A) provided insufficient funds to the FSLIC to close down insolvent S&Ls.
B) actually directed S&L regulators to continue to pursue regulatory forbearance, further delaying the closing of insolvent S&Ls.
C) created a new agency, the Resolution Trust Corporation, to manage insolvent thrifts.
D) did all of the above.
E) did only A and B of the above.

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