2 years ago

The savings and loan (S & L) scandal

History

1 answer:

Andrej [43]2 years ago

7 0

Answer:

The answer is option A.

Explanation: The Saving and loan scandal known as S&L scandal happened in USA during 1980s and 1990s. From 1986 to 1995 almost 1043 out of 3234 saving and loan corporation in United states were failed and led to the S&L scandal. By the 1995 ,747 institution was closed by RTC in USA which is worth of $402-$407 billion. Among them $132.1 billion was the taxpayers money.

So the s&l scandal costs American taxpayers billions of dollars.

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