TaN1213
Q3 The passage implies which of the following?
I feel the OA for Q3 is incorrect. In fact, there is none that is undisputed as per the passage.
A. All bank deregulation leads to instances of fraud. - too broad an answer
B William Black regulated a Savings and Loans bank. Not at all
C Without bank fraud, the Saving and Loans crisis would not have happened.
S&L crisis ocurred because of irrational investments in real-estate with unmeasured risks.
Passage excerpt: In some of the S&L banks that failed, the bank leaders were found guilty of embezzlement and other kinds of fraud. In some cases, the burden of fraud caused otherwise viable banks to fail, and in other cases, a bank that was going to fail anyway had its life prolonged by fraud, creating additional expenses for the federal bank bailout. - Suggests this can never be the OA
D Congressmen are well-informed about the operation of the SEC.
Passage excerpt: " Congressmen, responding to Black's charges, argue that the SEC has in place strict guidelines for what constitutes bank fraud, and that both SEC investigators and congressmen themselves are well-poised to detect even individual instances of fraud," D changes the object altogether- wrong
E Criminologists have a deep understanding of how to subvert the law. 'Deep' would be an overstatement, as nothing as such has been menioned. But, this choice is better than the rest, though not the undisputed one.
TaN1213:
Option E:Criminologists have a deep understanding of how to subvert the law.
By definition : Subvert means undermine the power and authority of (an established system or institution) or de-stabilize
So option E becomes : Criminologists have a deep understanding of how to de-stabilize law?
Congressmen, responding to Black's charges, argue that the SEC has in place
strict guidelines for what constitutes bank fraud,
and that both SEC investigators and congressmen themselves are well-poised to detect
even individual instances of fraud, to say nothing of widespread fraud.
Black points out that SEC investigators do not have criminologist training: while they
understand the rules well, they are not familiar with all the methods used to
subvert or violate them.What does the pronoun"them" refers to? How can we infer that "them" is referring to laws?