All of the Following Are True Statements About the Savings

Multiple Choice

All of the following are true statements about the savings and loan (S&L) crisis EXCEPT:

A) it was caused because people invested in risky ventures, such as shady real estate deals.
B) it led to layoffs, companies burdened with huge debt, and overly consolidated industries.
C) millions of Americans lost their savings.
D) the biggest failure was investing in large companies that used the money to buy up weaker competitors.
E) Bush created a plan to resolve the crisis-at a taxpayer cost of $500 million.