In May 1991,the FDIC Announced That It Would Sell the Government's

question 64

Multiple Choice

In May 1991,the FDIC announced that it would sell the government's final 26% stake in Continental Illinois,ending government ownership of the bank that it had rescued in 1984. The FDIC took control of the bank,rather than liquidate it,because it believed that Continental Illinois

• A)was a good investment opportunity for the government.
• B)could be the Chicago branch of a new governmentally-owned interstate banking system.
• C)was too big to fail.
• D)would become the center of the new midwest region central bank system.

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