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During the early eighties, numerous thrift banks extended loans to oil companies located in various states in the United States. With the drop in oil
During the early eighties, numerous thrift banks extended loans to oil companies located in various states in the United States. With the drop in oil prices, the thrifts, the oil companies, and the various states suffered from financial difficulties. Outline the types of risks that were intrinsic to the loans that the thrifts made.
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