Question

In the 1980s, President Bush proposed legislation to save the banking industry that would cost taxpayers

Answer 1

In the 1980s, President Bush proposed legislation to save the banking industry that would cost taxpayers billions of dollars.

Answer 2

The correct answer is:

Billions of dollars.

The Savings and Loans industry was already collapsing when Bush commenced his presidential tenure. In February 1989, Bush introduced a plan to help bail out the banking industry. Bush made an agreement with Congress that ended up costing taxpayers over $100 billion dollars and aroused the tough financial situation that Bush faced during his presidency.