The 23,000 People Who Bought Some $200 Million of Lincoln

Multiple Choice

The 23,000 people who bought some $200 million of Lincoln Savings bonds from Charles Keating's outfit:

A) were highly sophisticated investors who expected to make huge profits
B) were clearly aware that Lincoln S & L was a fraudulent enterprise but were attracted by high interest rates
C) were misled into believing the bonds were guaranteed by the government or absolutely safe.
D) were among the benefactors of the S & L scams because the Lincoln bonds were government-insured.