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Question
According to the text, the Competitive Equality in Banking Act of 1987A)turned the thrift industry around by providing the necessary funds to close the "zombie S&Ls."
B)lowered the cost of bailing out the S&Ls by quickly closing "zombie S&Ls" before they could cause other thrifts to fail.
C)failed to provide the funds necessary to close ailing S&Ls, and actually encouraged regulators to continue to pursue regulatory forbearance.
D)did both A and B of the above.
Answer
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