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olga2289 [7]
3 years ago
8

How did high interest rates affect savings and loans in the 1980s

History
1 answer:
Rufina [12.5K]3 years ago
4 0
It was the failure of about 747 out of the 3,234 savings and loan associations in the United States .
 (Causes )
Tax Reform Act of 1986
Deregulation
Imprudent real estates lending
Brokered deposits
End of inflation
Major causes according to United States Leauge of Savings 
Institutions .
(Failures)
Home State Savings Bank of Cincinnati
Midwest Federal Savings & Loan of Minneapolis , Minnesota
Lincoln Savings and Loan
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