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Question
The policy of regulatory forbearanceA)meant delaying the closing of "zombie S&Ls" as their losses mounted during the 1980s.
B)benefited "zombie S&Ls" at the expense of healthy S&Ls, as healthy institutions lost deposits to insolvent institutions.
C)contributed to declining profitability in the S&L industry and an increase in the number of "zombie S&Ls."
D)all of the above.
E)only A and B of the above.
Answer
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