The Cost to the Public to Clean Up 1,043 Failed

question 11

Multiple Choice

The cost to the public to clean up 1,043 failed savings and loan institutions during the period of 1986-1995 was:

• A) $152.9 billion including $123.8 billion of U.S. taxpayer losses
• B) $300 million including $123.8 million of U.S. taxpayer losses
• C) $400 billion including $152.9 billion of U.S. taxpayer losses
• D) $400 million including $152.9 billion of U.S. taxpayer losses

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Definitions:

Extralegal Approaches

Methods or actions taken outside of established legal frameworks.

Judicial Decision Making

Refers to the process by which judges and courts interpret and apply laws and precedents in legal cases to make a ruling.

U.S. Supreme Court

The highest court in the United States, with the ultimate legal authority to interpret the Constitution and adjudicate disputes.

Case Decisions

Judicial rulings or verdicts that resolve legal disputes and can set precedence for future legal cases.