Savings and Loan - very brief explaination
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Can you give me a brief explaination of what happened with the big S&L crash in the 1980's (in the U.S.)?
I don't need a comprehensive history, just a couple sentences to give me an idea of why it crashed + the effect.
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Solution Summary
This solution provides a very brief explanation for a problem involving savings and loans.
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The Savings and Loan Fiasco during 1980's was the largest banking failure in United States history; even larger than the banking failures during the Great Depression. Over 1000 savings and loans failed, resulting in the bankruptcy of the Federal Saving and Loan Insurance Corporation ...
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