The Savings and Loan Crisis of the 1980s: Causes and Consequences
Words: 631 Pages: 2 1242The Savings and Loan (S&L) crisis of the 1980s stands out as one of America's biggest financial disasters. It was a mess caused by a mix of loosened rules, risky investments, and not enough oversight, which left many S&L institutions bankrupt. This chaos not only shook up the banking world but also forced taxpayers to foot the bill for massive bailouts, showing just how risky it can be when banking rules aren't tight enough. The trouble with S&Ls goes back […]