The Savings and Loans Crisis (6 jan 1970 ano – 23 dez 1989 ano)
Descrição:
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.
Adicionado na linha do tempo:
Data:
6 jan 1970 ano
23 dez 1989 ano
~ 19 years
Imagens: