Financial institutions reform-recovery and enforcement act


Response to the following questions:

1. How did the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989 and the FDIC Improvement Act of 1991 reverse some of the key features of earlier legislation?

2. What are the main assets and liabilities held by savings institutions?

3. What regulatory agencies oversee deposit insurance services to savings institutions?

If possible, please give examples to better understand your response.

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