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When Regulators Chose to Allow Insolvent S&Ls to Continue to Operate

question 31

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When regulators chose to allow insolvent S&Ls to continue to operate rather than to close them,they were pursuing a policy of


Definitions:

Canons

Fundamental principles or general rules that form the base of a system of laws or standards, often referring to ethical guidelines for professionals.

Accepted Principles

Widely recognized norms or standards that guide behavior and practices in various fields or societies.

Professional Ethics

The set of principles and moral values that guide the behavior and practices of individuals in professional roles.

Formal Sanctions

Officially enforced penalties or rewards for behavior, typically in a legal or organizational context.

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