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What is Overview of the Savings and Loan Crisis about?

The Savings and Loan Crisis was a slow-moving financial disaster in the United States between 1986 and 1995 that resulted in the failure of nearly a third of the 3,234 savings and loan associations. Key factors included deregulation of the industry in the early 1980s that eliminated caps on interest rates and allowed risky investments. This, coupled with rising interest rates, led many thrifts to take on high-risk investments in search of higher returns. Ultimately, the government had to pay for the risks w

Author

manepalli vamsi

Language

EN