The government granted thrifts greater powers in the early 1980s in hopes of turning the industry's problems around. These powers
A) required greater expertise in managing risk than many thrift managers possessed.
B) encouraged thrifts to expand lending rapidly in real estate, increasing their exposure to risk.
C) expanded the scope and complexity of thrift lending activities that went beyond what regulators could effectively monitor, given their limited resources.
D) did all of the above.
E) did only A and B of the above.
D
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