"Bureaucratic Gambling" Refers to

"Bureaucratic gambling" refers to

A) the belief of thrift managers that they would not be audited by thrift regulators in the 1980s due to the relatively weak bureaucratic power of the regulators.
B) the risk that thrift regulators took in publicizing the plight of the S&L industry in the early 1980s.
C) the strategy adopted by thrift regulators of lowering capital requirements and pursuing regulatory forbearance in the 1980s in the hope that conditions in the S&L industry would improve.
D) none of the above.