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Alex73 [517]
3 years ago
15

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

History
2 answers:
V125BC [204]3 years ago
8 0
In the 1980s, President Bush proposed legislation to save the banking industry that would cost taxpayers billions of dollars.
Stella [2.4K]3 years ago
6 0

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.


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