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The Bailout of the Savings and Loan Industry Was Much

Question 26

Multiple Choice
The bailout of the savings and loan industry was much delayed and,therefore,much more costly to taxpayers because

The bailout of the savings and loan industry was much delayed and,therefore,much more costly to taxpayers because


A) regulators initially attempted to downplay the seriousness of problems within the thrift industry.
B) politicians who received generous campaign contributions from the savings and loan industry hoped that the problems in the industry would ease over time.
C) Congress did not wait long enough for many of the problems in the thrift industry to correct themselves.
D) of all of the above.
E) of only A and B of the above.

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