Taxpayers Were Served Poorly by Thrift Regulators in the 1980s

question 22

Multiple Choice

Taxpayers were served poorly by thrift regulators in the 1980s. This poor performance cannot be explained by

• A)regulators' desire to escape blame for poor performance,leading to a perverse strategy of "bureaucratic gambling."
• B)regulators' incentives to accede to pressures imposed by politicians,who sought to keep regulators from imposing tough regulations on institutions that were major campaign contributors.
• C)Congress's dogged determination to protect taxpayers from the unsound banking practices of managers at many of the nation's savings and loans.
• D)politicians strong incentives to act in their own interests rather than the interests of the taxpayers.

---

Definitions:

CFO

Stands for Chief Financial Officer, a senior executive responsible for managing the financial actions of a company.

Treasurer

A corporate officer responsible for overseeing the company's financial operations, managing its investments, and ensuring the organization's financial stability and compliance with laws.

Finance Department

A division within a company responsible for managing financial activities, including budgeting, forecasting, and investments.

Finance Department

A division within a company that manages the organization's financial activities, including budgeting, forecasting, investment analysis, and financial reporting.