The Savings and Loans Crisis (6 janv. 1970 – 23 déc. 1989)
Description:
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.Ajouté au bande de temps:
Date:
6 janv. 1970
23 déc. 1989
~ 19 years