Savings and loan Crisis
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High Quality Content by WIKIPEDIA articles! High Quality Content by WIKIPEDIA articles! The savings and loan crisis of the 1980s and 1990s (commonly referred to as the S&L crisis) was the failure of 747 savings and loan associations (S&Ls aka thrifts). A Savings and Loan is a financial institution in the United States that accepts savings deposits and makes mortgage, car and other personal loans to individual members. The ultimate cost of the crisis is estimated to have totaled around $160.1 billion, about $124.6 billion of which was directly paid for by the US government that is, the US…mehr

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High Quality Content by WIKIPEDIA articles! High Quality Content by WIKIPEDIA articles! The savings and loan crisis of the 1980s and 1990s (commonly referred to as the S&L crisis) was the failure of 747 savings and loan associations (S&Ls aka thrifts). A Savings and Loan is a financial institution in the United States that accepts savings deposits and makes mortgage, car and other personal loans to individual members. The ultimate cost of the crisis is estimated to have totaled around $160.1 billion, about $124.6 billion of which was directly paid for by the US government that is, the US taxpayer, either directly or through charges on their savings and loan accounts which contributed to the large budget deficits of the early 1990s.