Federal Savings and Loan Insurance Corporation

S&L Industry Collapse: Over 1,000 Institutions Failed by 1989

1989-01-01 00:00:00 +0000 UTC | Importance: 9/10

By 1989, over 1,000 savings and loan institutions have failed, representing approximately one-third of the entire S&L industry and marking one of the worst financial industry collapses in American history. The systemic failure stems directly from 1980s deregulation that eliminated prudential …

Savings and Loan institutions Federal Home Loan Bank Board Federal Savings and Loan Insurance Corporation Resolution Trust Corporation s&l-crisis financial-crisis deregulation-failure systemic-collapse regulatory-failure

S&L Deregulation Creates Moral Hazard: Recipe for Systematic Fraud

1982-01-01 00:00:00 +0000 UTC | Importance: 8/10

Reagan-era S&L deregulation creates massive moral hazard by combining three toxic elements: elimination of prudential lending standards, expanded federal deposit insurance covering risky investments, and weakened regulatory oversight. The Garn-St. Germain Act removes Depression-era constraints …

Ronald Reagan Savings and Loan industry Federal Home Loan Bank Board Federal Savings and Loan Insurance Corporation s&l-crisis moral-hazard deregulation fraud deposit-insurance