AnnaHerring
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In the 1980s, Bush proposed legislation to save the banking industry at a cost of millions of dollars. billions of dollars. thousands of dollars. trillions of dollars.

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haleposition

The period between the 1980s and the 1990s is also known as the Savings and Loan (S&L) Crisis because almost a one in four savings and loan institutions of the United States had to declare bankruptcy or they opted for scams in order to recover their capital. The president Bush had to face this situation in order to save billions of dollars.

Tundexi

President Bush proposed a legislation to save the banking industry at a cost of billions of dollar in 1980s.

What happened to the banking industry?

The period was known as Savings & Loan Crisis which was when financial institution had to declare bankrupt or engaged in illegal activities to recover their capital.

Hence, the president Bush had to face this situation by planning to spend a billions of dollars to resuce the industry.

Therefore, the Option B is correct.

Read more about Savings & Loan Crisis

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