Brand new S&L Business from the 21 st 100 years
2024-08-06
By the point the fresh new S&L crisis was over from the early 1990s, it was by most measures the costliest monetary collapse from inside the American background. Anywhere between 1980 and you can 1993, step one,307 S&Ls with over $603 billion from inside the possessions ran bankrupt, at a cost so you’re able to taxpayers out-of nearly $five hundred million. It should be noted you to definitely S&Ls weren’t the sole establishments so you can experience on eighties, as 10 years and additionally observed the new failure of 1,530 commercial banking companies handling over $230 million from inside the assets.
