Respuesta :
S & Ls (Savings and Loan crisis) were originally set up to promote home ownership.
A slow-moving financial catastrophe was the Savings and Loan (S&L) Crisis. Nearly a third of the 3,234 savings and loan associations in the United States between 1986 and 1995 failed as a result of the crisis' peak. The issue arose during the turbulent interest rate environment, stagflation, and poor growth of the 1970s and ended up costing a total of $160 billion, of which $132 billion was covered by taxpayers. The S&L crisis was largely caused by a mismatch between regulations and market conditions, speculation, moral hazard brought on by the combination of deregulation and taxpayer guarantees, as well as outright corruption and fraud, and the adoption of significantly laxer and broader lending standards that drove desperate banks.
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