Regulatory Forbearance

question 79

Multiple Choice

Regulatory forbearance

• A)meant delaying the closing of "zombie S&Ls" as their losses mounted during the 1980s.
• B)had the advantage of benefiting healthy S&Ls at the expense of "zombie S&Ls," as insolvent institutions lost deposits to health institutions.
• C)had the advantage of permitting many insolvent S&Ls the opportunity to return to profitability,saving the FSLIC billions of dollars.
• D)increased adverse selection dramatically.

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Definitions:

Modernity

A term that characterizes industrialized societies, including the decline of tradition, an increase in individualism, and a belief in progress, technology, and science.

Autonomy

The capacity to make an informed, uncoerced decision; often refers to the self-governance of individuals or groups.

Cultural Imperialism

The imposition of one culture’s beliefs and practices on another culture through media and consumer products rather than by military force.

Benjamin Barber

An American political theorist who proposed the concept of 'Jihad vs. McWorld' to describe the struggle between cultural homogenization and fragmentation.