Question

a large bailout os savings and loans institutions became necessary in 1990 when it was discovered that nearly 2000 of them were insolvent and facing closure. one of the causes of this crisis was

Answer 1

reckless financial speculation

Step-by-step explanation:

Answer 2

One of the leading causes of this "Savings and Loan Crisis" was that several years earlier the Federal Reserve had increased interest rates in order to help curb inflation, which eventually made it impossible for many banks to to gain enough capital to repay loans.