13. Recent financial crises Aa Aa Which of the following is not true of the savi

Question

13. Recent financial crises Aa Aa Which of the following is not true of the savings and loan (S&L;) crisis of the 1980s? O Several years after the crisis, Congress implemented sweeping oversight of S&L; activities. O The government closed more than 1,000 S&Ls; that failed during the crisis. O The S&Ls; took on excessive risk in real estate lending during the boom that occurred in that sector during the 1970s and 1980s. O Federal deposit insurance did not apply to S&L; accounts and the crisis might have been averted if it had. Long-Term Capital Management became troubled in 1997 and 1998 because its adequately gauge the risk did not that emerging markets would open up to foreign capital that stricter limits would harm profits on trades of financial crises in Russia and Asia

Explanation / Answer

1) several years after the crisis conbress implemented sweeping oversight

2)the emerging markets would open up to foreign capital

3) due to regulators effort for not foreseeing the risk ahead

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