Why was there a crisis in the Savings and Loan industry? How much money was lost and who paid for it?

Question

asked Sep 28, 2020 229k views

1 Answer

Rcravens · Answer 1 · 2020-10-03T18:47:13+0000

Answer:

The Savings and Loan Crisis was the most significant bank collapse since the Great Depression of 1929. By 1989, more than 1,000 of the nation's savings and loans had failed. The crisis cost $160 billion. Taxpayers paid $132 billion, and the S&L industry paid the rest.

Step-by-step explanation:

Why was there a crisis in the Savings and Loan industry? How much money was lost and who paid for it?

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions