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2 May, 15:53

How did high interest rates affect savings and loans in the 1980s

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  1. 2 May, 16:16
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    It was the failure of about 747 out of the 3,234 savings and loan associations in the United States.

    (Causes)

    Tax Reform Act of 1986

    Deregulation

    Imprudent real estates lending

    Brokered deposits

    End of inflation

    Major causes according to United States Leauge of Savings

    Institutions.

    (Failures)

    Home State Savings Bank of Cincinnati

    Midwest Federal Savings & Loan of Minneapolis, Minnesota

    Lincoln Savings and Loan
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