History of the United States II / Unit 16 USH2 2284 short lesson, about 20 seconds
The Savings and Loan Crisis
Captions available
The idea
A law of nineteen eighty let savings institutions pay any interest rate and invest in commercial real estate, Digital History records, and further deregulation followed.
In practice
Congress in nineteen eighty-two and nineteen eighty-three broadening the banks' power to make unsecured loans.
Where people slip
Digital History says the time had come by the early nineteen nineties to pay for the decade's financial excesses.
Your place on the trail
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