As a result of the S&L crisis, in 1989 Congress:
A) decreased regulation of thrifts.
B) merged all remaining S&Ls with financially sound commercial banks.
C) passed legislation prohibiting any financial institution other than S&Ls to make mortgages.
D) empowered two government agencies, Fannie Mae and Freddie Mac, to take over much of the mortgage lending previously done by S&Ls.
Correct Answer:
Verified
Q261: _ occurs when financial institutions assemble pools
Q262: A firm uses financial leverage when it:
A)replaces
Q263: Long-Term Capital Management made rates of return
Q264: A private investment partnership open only to
Q265: In 2008, when the U.S. financial system
Q267: High interest rates in the 1970s:
A)helped S&Ls
Q268: In the financial crisis of 2008, which
Q269: Long-Term Capital Management was a(n):
A)investment bank.
B)hedge fund.
C)government
Q270: Most of Long-Term Capital Management's funds were:
A)savings
Q271: Assembling a pool of loans and selling
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