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3 December, 04:31

The savings and loan crisis in the 1980s was a result of

- the cost of the military

- the federal budget surplus

- the number of new taxes

- the number of failing banks

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Answers (2)
  1. 3 December, 05:18
    0
    Honestly these four aren't great examples of why we had the crisis. If i had to choose it would be D
  2. 3 December, 06:54
    0
    - the number of failing banks

    Explanation:

    The savings and loans crisis of the 1980s was the failure of about 747 of the 3,234 savings and loan associations in the United States. A savings and loans or "second hand" financial institution is an institution that accepts savings deposits and makes mortgages, and other personal loans to individual members of a cooperative enterprise known in the United Kingdom as a Real Estate Loan Company. "As of December 31, 1995, the Resolution Trust Corporation estimates that the total cost for the resolution of the 747 bankrupt institutions was $ 87.9 billion." The rest of the rescue plan was paid for charges to the savings and loan accounts that contributed to the large budget deficits of the 1990s.
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