2 years ago

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

1 answer:

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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