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jan 1, 1982 - Congress Allows S&L Banks to Make High Risk Loans and Investments

Description:

Caused banks to fail, the FDIC to take over S&L banks, and the federal government to reimburse 200 billion dollars to investors.

Added to timeline:

Mod 13 Less 2

ByAva
30 Jul 2018

Date:

jan 1, 1982
Now
~ 42 years ago
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