
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.
Correct Answer:
Verified
Q21: "Bureaucratic gambling" refers to
A) the belief of
Q22: That taxpayers were poorly served by thrift
Q23: The major provisions of the Competitive Equality
Q24: An analysis of the political economy of
Q25: The political economy of the S&L crisis
Q27: An analysis of the political economy of
Q28: The major provisions of the Financial Institutions
Q29: The Competitive Equality in Banking Act of
Q30: Prior to August 1989,the agency that regulated
Q31: The major provisions of the Financial Institutions
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