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Saving And Loan Crisis Of 1980's

Published on Nov 24, 2015

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SAVING AND LOANS CRSIS OF THE 1980'S

Photo by nathanmac87

In the 1970's the government was in control of banks and interest rates were low at these banks.

Photo by marcp_dmoz

Because of low interest rates in the 1970's and government control people felt safe putting their money into banks and everyone was happy.

The saving and loans crisis was a time in the 1980's when the government stopped having control over banks

Photo by aloucha

When the government stopped having control over banks people were not happy.

Photo by wbeem

During the same time interest rates sky rocketed at banks because the banks were not making money. No one wanted to go to banks any more.