LyjrpSamylabell
LyjrpSamylabell LyjrpSamylabell
  • 19-04-2016
  • Advanced Placement (AP)
contestada

How did high interest rates affect savings and loans (S&Ls) in the 1980s?

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afawatim
afawatim afawatim
  • 20-04-2016
S&L's were affected because interest rates increased. When the interest rates increased, loans were not being approved thus becoming insolvent. This is what also caused the Poison scheme.
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