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Examiners from the Federal Home Loan Bank Board of San

Question 33

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Examiners from the Federal Home Loan Bank Board of San Francisco recommended that Lincoln Savings and Loan be seized when they discovered that

Examiners from the Federal Home Loan Bank Board of San Francisco recommended that Lincoln Savings and Loan be seized when they discovered that


A) officials at the thrift had attempted to mislead them.
B) it had exceeded the 10 percent limit on equity investments by $600 million.
C) its owner, Charles Keating, had been convicted of embezzlement ten years before he purchased the thrift.
D) all of the above occurred.
E) only A and B of the above occurred.

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