a large bailout os savings and loans institutions became necessary in 1990 when it was discovered that nearly 2000 of them were insolvent and facing closure. one of the causes of this crisis was

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01-02-2016
History

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a large bailout os savings and loans institutions became necessary in 1990 when it was discovered that nearly 2000 of them were insolvent and facing closure. one of the causes of this crisis was

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HistoryGuy HistoryGuy · Answer 1 · 2016-02-01T19:51:23+01:00

HistoryGuy HistoryGuy

01-02-2016

One of the leading causes of this "Savings and Loan Crisis" was that several years earlier the Federal Reserve had increased interest rates in order to help curb inflation, which eventually made it impossible for many banks to to gain enough capital to repay loans.

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taknbyhim taknbyhim · Answer 2 · 2020-09-30T20:48:09+02:00

taknbyhim taknbyhim

30-09-2020

Answer:

reckless financial speculation

Explanation:

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