The Savings and Loans Crisis (6 ene 1970 año – 23 dic 1989 año)
Descripción:
Congress deregulated loans and savings, and they were unprepared for the intense competitions. Interest rates had sky rocketed, and risky loan put many banks out of business. The government ended up passing a legislation in 1989 that essentially abolished the independence of the savings and loan industry.Añadido al timeline:
fecha:
6 ene 1970 año
23 dic 1989 año
~ 19 years