The losses to S&L depositors were paid entirely from the assets of the failed thrifts and funds of the owners.

Question

Quizplus · Accepted Answer

While some of the losses were indeed covered by the assets of failed thrifts and funds of the owners, a large portion of the losses were ultimately covered by the taxpayers through the creation of the Resolution Trust Corporation (RTC) and other government interventions in the S&L crisis.

The Losses to S&L Depositors Were Paid Entirely from the Assets