Answer the following statement(s) true (T) or false (F)

1. Making high-risk loans was attractive to S & Ls in the 1980s because they increased short-term profits and bonuses.
2. The federal bailout of the S & Ls in the early 1990s ensured that no corrupt special deals could be made.
3. The massive looting of the S & Ls was not undertaken for direct personal benefit, but rather to finance illegal enterprises.
4. Many of the S & L fraudsters were assisted by highly paid accountants, lawyers and appraisers.
5. Due to the availability of high-priced legal talent, neither Charles Keating nor any of the other high-level S & L fraudsters received prison terms.


1. TRUE
2. FALSE
3. FALSE
4. TRUE
5. FALSE

Criminal Justice

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Fill in the blank(s) with correct word

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