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2 April, 19:30

The Savings and Loan Crisis in the 1980s was a result of

-the cost of fighting the Persian Gulf War.

-the cost of restoring order during the LA riots.

-the number of new taxes.

-the number of failing banks.

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Answers (2)
  1. 2 April, 19:38
    0
    On edge. nuity the answer is D
  2. 2 April, 19:44
    0
    D is the correct answer.

    Savings and Loan Banks were inherently risky endeavors and depositors kept pumping into them because they loaned on risky terms (similar to 2008 mortgage collapse).

    When this system collapsed, the banks collapsed.
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