Question

The savings and loan (S & L) scandal

a. cost American taxpayers billions of dollars.
b. cost Reagan his popularity with the American people.
c. grew out of an attempt to undermine the Sandinista government.
d. showed that federal regulation of banks is unnecessary.

Answer 1

The answer is option A.

Explanation: The Saving and loan scandal known as S&L scandal happened in USA during 1980s and 1990s. From 1986 to 1995 almost 1043 out of 3234 saving and loan corporation in United states were failed and led to the S&L scandal. By the 1995 ,747 institution was closed by RTC in USA which is worth of $402-$407 billion. Among them $132.1 billion was the taxpayers money.

So the s&l scandal costs American taxpayers billions of dollars.