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How did Congress respond to the savings and loan crisis of the 1980s?

It ordered all savings and loans to cease lending money immediately.

It revoked the requirement that savings and loans offer customers deposit insurance.

It passed laws that placed savings and loan institutions under the control of the banking industry.

It created a federal department tasked with approving or rejecting the charters of savings and loan institutions.

Answer :

Answer: I think it is A but i could be wrong if not A i think it would be D

Explanation:

Congress responded to the savings and loan crisis of the 1980s by passing FIRREA act in 1989, hence the correct option is C.

Savings and Loan crisis

Savings and Loan Crisis was the second most catastrophic economic crisis after the Great Depression. To find a solution of this Crisis, Congress passed Financial Institutions Reform, Recovery, and Enforcement Act.

Under this Act, the Savings and Loan(S&L) Institutions came under the Banking Industry, with the objective that it will wind down the failed S&Ls. Hence the option C which says "It passed laws that placed savings and loan institutions under the control of the banking industry" is correct.

Learn More about Savings and Loan crisis here:

https://brainly.com/question/9745245

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