Reagan and Bush senior didn’t want to openly increase the budget deficit, so they used forbearance to keep failed banks open. Bush II also had to prop up failed banks when the markets began to collapse in 2007 and the problems accelerated in 2008. What tools did he use?

Under Dodd/Frank mandated that mortgage lenders must now

What was the assumption that the management of Long-term Capital Management made that proved to be the hedge fund’s undoing?

A spike in interest rates ignited the S&L industry’s troubles, which were fanned into a bad-asset problem with easy credit, including an increase in the deposit insurance limit, FSLIC notes and other forbearance, junk bonds and brokered deposits (a.k.a. hot money.) What was the main source of easy credit in the mortgage crisis besides the SEC’s decision to allow Wall Street investment firms to hold less capital as a cushion against potential losses on money they borrowed?

What is the potential conflict of interest that, uniquely, a publicly traded financial services company has compared with one organized as a partnership or a not-for-profit?

Because Reagan didn’t want to openly increase the budget deficit or raise taxes, his administration had a two-pronged approach to solving the S&L crisis.

What are the two main measures companies use to evaluate whether a business action is ethical?

What is asset-based underwriting?

What are the Federal Reserve Board’s two key, related jobs?

Which was not a source of easy credit that fueled the S&L fiasco: