That Taxpayers Were Poorly Served by Thrift Regulators in the 1980s

That taxpayers were poorly served by thrift regulators in the 1980s is now quite clear.This poor performance cannot be explained by

A) regulators' desire to escape blame for poor performance, leading to a perverse strategy of "regulatory gambling."
B) regulators' incentives to accede to pressures imposed by politicians, who sought to keep regulators from imposing tough regulations on institutions that were major campaign contributors.
C) Congress's dogged determination to protect taxpayers from the unsound banking practices of managers at many of the nation's savings and loans.
D) any of the above.