All of the Following Are True Statements About the Savings

question 12

Multiple Choice

All of the following are true statements about the Savings and Loan crisis except

• A) It was caused by allowing S&Ls to invest in risky ventures such as shady real estate deals.
• B) One of the biggest S&L failures was investing in large companies that used the money to buy up weaker competitors.
• C) It led to layoffs and heavy corporate debt.
• D) Millions of Americans lost all their savings.
• E) President Bush created a plan to resolve the crisis - at a taxpayer cost of $500 million.

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