The policy of forbearance practiced by the FSLIC in the late 1980s allowed many commercial banks to remain open even in the face of continuing losses and insolvency.

Question

Quizplus · Accepted Answer

The FSLIC (Federal Savings and Loan Insurance Corporation) was responsible for insuring savings and loan institutions, not commercial banks. The policy of forbearance allowed savings and loan institutions, not commercial banks, to remain open despite financial difficulties.

The Policy of Forbearance Practiced by the FSLIC in the Late