How did high interest rates affect savings and loans (S&Ls) in the 1980s?

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asked Sep 9, 2017 142k views

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Accatyyc · Answer 1 · 2017-09-15T06:57:32+0000

S&L's were affected because interest rates increased. When the interest rates increased, loans were not being approved thus becoming insolvent. This is what also caused the Poison scheme.

How did high interest rates affect savings and loans (S&Ls) in the 1980s?

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